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Bitcoin Hits $106K: How Trump’s Strategic Reserve Proposal is Shaking the Crypto Market
The cryptocurrency market has been in a state of turmoil since the announcement by President-elect Donald Trump that he plans to establish a U.S. Bitcoin strategic reserve. This decision has caused a massive surge in prices, with Bitcoin hitting an unprecedented $106,533.
Trump’s proposal comes as no surprise, given his long-standing affinity for the digital currency. However, it is surprising how much impact it has had on the market. The sudden increase in price of nearly 50% since November 5 has left many experts scratching their heads.
Source: coinpedia.org
