Bitcoin Surges Past $107,000 on Hopes for US Strategic Reserve

Record High: Bitcoin has reached a new all-time high, surpassing $107,000, fueled by speculation that the incoming Trump administration may establish a national Bitcoin reserve.

Trump's Influence: The potential shift in US crypto policy under a Trump presidency has significantly boosted investor sentiment.

Market Reaction: This news has triggered a buying frenzy, driving Bitcoin prices to unprecedented levels.

El Salvador Strikes $1.4bn IMF Deal After Scaling Back Bitcoin Policies

IMF Agreement: El Salvador, the first country to adopt Bitcoin as legal tender, has reached a $1.4 billion loan agreement with the International Monetary Fund.

Policy Adjustments: As part of the deal, El Salvador has agreed to scale back its controversial Bitcoin policies, including making Bitcoin acceptance by the private sector voluntary.

Impact on Bitcoin: While this development may have a short-term impact on Bitcoin's price, it signals a potential shift in government attitudes towards cryptocurrencies.

Metaplanet Makes Largest Bitcoin Bet, Acquires Nearly 620 BTC

Significant Investment: Tokyo-listed Metaplanet has significantly increased its Bitcoin holdings, acquiring nearly 620 BTC.

Corporate Adoption: This move highlights the growing interest of corporations in Bitcoin as a long-term investment asset.

Market Implications: Metaplanet's substantial investment could further boost investor confidence in Bitcoin and drive its price higher.