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Bitcoin Hits $106K: How Trump’s Strategic Reserve Proposal is Shaking the Crypto Market
The cryptocurrency market has witnessed a significant surge as Bitcoin (BTC) hit an all-time high of $106,533, with ether increasing by about 3% to $4,014. The sudden price rise can be attributed to President-elect Donald Trump’s hint towards establishing a U.S. Bitcoin strategic reserve during his interview with CNBC.
Trump’s plan involves creating a national reserve that will hold a significant portion of the total supply of Bitcoins. The proposal has sparked immense confidence among investors and traders alike, leading to a 50% increase in value since the election on November 5.
Source: coinpedia.org
