Bitcoin is making waves as it hits new all-time highs, with prices soaring to $106,533 on Bitstamp. Analysts predict a "big week" for Bitcoin, with targets set as high as $140,000 in the coming months. The excitement is fueled by the Federal Reserve's anticipated 0.25% interest rate cut, potentially boosting crypto markets. Meanwhile, speculation grows around US President-Elect Donald Trump's rumored plans for a national Bitcoin reserve, adding to the market buzz. Open interest in Bitcoin futures has reached record levels, signaling heightened market activity, though funding rates remain stable.
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