Bitcoin hits a new all-time high of $105K, gaining 20% in the last month

As an analyst with over two decades of experience in the financial markets, I have seen many trends come and go, but none quite like Bitcoin. The recent rally to over $105,000 is nothing short of astonishing, and it’s hard not to get caught up in the excitement.

On December 15, Bitcoin (BTC) surged past 3.2%, reaching a record-breaking high of $105,100. However, it has since dipped slightly to $104,850. This new peak follows ongoing speculation that Bitcoin could potentially be adopted as a U.S. reserve asset.

The price of Bitcoin has maintained its position above the $100,000 threshold since December 13, around 5:00 pm UTC. This development comes amid speculation from Strike founder and CEO Jack Mallers that US President-Elect Donald Trump might issue an executive order on his first day in office, designating Bitcoin as a national reserve asset.

“There’s potential to use a day-one executive order to purchase Bitcoin,” Mallers stated, adding:

“It wouldn’t be the size and scale of 1 million coins but it would be a significant position.”

 

Read More

2024-12-16 02:57