🚨🚨 Bitcoin Price Reaches All-Time High of $108,239, Eyes $110,000 NexT

Bitcoin experienced a brief pause after reaching its all-time high of $108,239 on Tuesday, subsequently retreating to $104,013 by Wednesday noon in Singapore. Despite this pullback, the overall value of digital assets nearly approached $4 trillion during the rally, indicating strong investor interest.

Traders remain optimistic, particularly with President-elect Donald Trump's support for cryptocurrencies. Trump has promised to create favorable regulations and even establish a national Bitcoin reserve, which has fueled market enthusiasm.

Additionally, the anticipated inclusion of MicroStrategy in the Nasdaq 100 Index is boosting sentiment. There are expectations that this could lead to further price gains, given the company's focus on Bitcoin investments.

The Federal Reserve is widely expected to cut interest rates by another quarter-point. However, the outlook for next year remains uncertain due to robust U.S. economic growth and potential inflation risks stemming from Trump’s policies.

K33 Research analysts predict that the Fed’s final monetary policy meeting in 2024 will contribute to market volatility, although they believe Bitcoin's momentum may continue to build through the holiday season.

Since Trump's victory in the presidential election, Bitcoin has surged over 55%, with many investors turning to Bitcoin exchange-traded funds despite the token's volatility and the absence of traditional valuation metrics.

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