📈 Bitcoin Hits a New All-Time High of $106,000 — What’s Driving the Surge?
➤ For the third time, a U.S. state is drafting legislation to adopt Bitcoin as a strategic reserve. In the near future, at least 10 U.S. states could ratify similar legislation.
➤ This overall optimism is further fueled by confidence that the Federal Reserve will continue its steady easing of monetary policy. The next Fed meeting is scheduled for Wednesday, January 18.
➤ The agency is expected to cut the key interest rate by another 25 basis points. If this scenario plays out, it will likely boost interest in Bitcoin even further.