Bitcoin hits another record high. Can it reach $150,000 this cycle?
Bitcoin continued its post-election rally Sunday, hitting a new record high above $106,000, days after President-elect Donald Trump again suggested the creation of a national strategic reserve of the cryptocurrency.
BTCUSD
+0.94%
surged as high as $106,491 on Sunday, according to CoinDesk data. The world’s leading digital currency has gained for seven straight weeks — its longest winning streak since 2021 — and has rallied more than 50% since Trump won the presidential election last month. Bitcoin is up about 150% year to date, and bitcoin ETFs have seen $9.3 billion in inflows since the election, according to FactSet data.
The $110,000 level is seen as the next key price point, as crypto bulls aim to end the
$BTC year with price stability above $100,000, setting up confidence headed into 2025.