๐ Bitcoin Breaks Out to $108K; Hits Record High Amid Market Optimism ๐
๐ฅ Bitcoin surged past $108,000, currently trading at $108,223, marking a 2% gain in the past day. The rally, up 60% since the election, is fueled by Trumpโs pro-crypto stance, including plans to create a national Bitcoin reserve and the nomination of crypto advocate Paul Atkins to lead the SEC, replacing the anti-crypto Gary Gensler.
๐ข Corporate Adoption is skyrocketing. Over 70 public companies now hold Bitcoin, with MicroStrategy leading the pack at 439,000 BTC (worth $46 billion). Chairman Michael Saylor calls Bitcoin the โCyber Manhattan,โ emphasizing its long-term value. Institutional whales have also gone parabolic, accumulating 70,000 BTC worth over $7.28 billion in just 48 hours, according to analyst Ali Martinez.
๐ Optimism is growing as companies like Semler Scientific, Mara Holdings, and Riot Platforms increase their Bitcoin stakes. MicroStrategyโs addition to the Nasdaq 100 on December 23 has further fueled bullish sentiment.
๐ฎ With strong momentum and institutional backing, analysts predict Bitcoin could hit between $150,000 and $200,000 by the end of 2025. As adoption accelerates and sentiment remains high, Bitcoinโs rally shows no signs of slowing. ๐