Bitcoin hit a record high of $106,533, driven by President-elect Donald Trump’s comments about creating a US cryptocurrency reserve, similar to the strategic oil reserve.

 

Bitcoin hit a record high of $106,533, driven by President-elect Donald Trump’s comments about creating a US cryptocurrency reserve, similar to the strategic oil reserve. Bitcoin rose by 3.2%, while ether gained 1.5%, lifting market optimism. 

 

Trump’s support for crypto and his plans to make the US a global leader in the space, alongside appointing crypto-friendly figures like David Sacks and Paul Atkins, fueled excitement. 

 

The global crypto market reached $3.8 trillion, with Bitcoin up 192% this year. Analysts remain cautious about creating a bitcoin reserve.