#MarketNewHype

Bitcoin's price has surpassed $107,000, marking a new all-time high. This surge is largely attributed to President-elect Donald Trump's proposal to establish a U.S. Bitcoin strategic reserve, akin to the strategic oil reserve, signaling a potential shift towards a more crypto-friendly administration. Since Trump's election, Bitcoin's value has increased by 50%, contributing to the total cryptocurrency market doubling to over $3.8 trillion.