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Bitcoin Hits New All-Time High of $106,554 Amid Growing Reserve Asset Speculation

Bitcoin surged nearly 5% on Dec. 15, reaching a record $106,554 before stabilizing at $106,000. Analysts attribute the rally to investor FOMO, speculation about Bitcoin becoming a U.S. reserve asset under President-Elect Donald Trump, and favorable financial regulations. Strike CEO Jack Mallers suggested Trump might issue an executive order to purchase Bitcoin, while state-level Bitcoin reserve bills are also gaining traction.

Other drivers include a potential Federal Reserve rate cut and new accounting rules allowing institutions to value crypto more accurately. Bitcoin market sentiment is in the “Extreme Greed” zone, signaling heightened optimism. Show Less

https://cointelegraph.com/news/bitcoin-sets-new-all-time-high-above-105000
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