bullish

Donald Trump

Bitcoin

<p>Bitcoin (BTC) has reached an extraordinary milestone, surging over 2% in the past 24 hours to hit a record all-time high (ATH) of $106,352. This marks the first time in Bitcoin’s 16-year history that it has crossed this level. The total cryptocurrency market cap is now just $130 billion away from a whopping $4 trillion.</p>   
<p>Bitcoin’s dominance continues to rise, even as interest in utility-focused altcoins increases. Since early December, Bitcoin’s market share has climbed by about 4%, reaching 57.38% during the early London session on Monday, December 16. </p>   
<p>Bitcoin truly is the foundation of crypto. </p>   
<h2 class="wp-block-heading" id="h-bon-track-for-120k-analysts-weigh-in">BOn Track for $120K? Analysts Weigh In</h2>   
<p>Having surpassed the crucial $100K psychological barrier, Bitcoin remains in a strong position for further growth. Renowned trader Peter Brandt predicts the cryptocurrency could soon <a href="https://coinpedia.org/news/bitcoin-price-breaks-historic-100k-mark-surges-beyond-101k/" target="_blank" rel="noreferrer noopener">climb to $120K </a>as it gains momentum against traditional assets like gold.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/peterlbrandt/status/1868444051818586466?s=46 
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<p>From a technical perspective, Bitcoin recently broke out of an ascending triangle pattern on the daily chart, a classic bullish indicator. However, a retest of this breakout could temporarily push prices below $100K, providing opportunities for traders looking to go long.</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong>BTC skyrockets to $106k ATH! What's next for Bitcoin? Read <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin Price Prediction</a> and uncover the path to $120k and beyond!</strong></p>   
<h2 class="wp-block-heading" id="h-mixed-reactions-from-whale-investors">Mixed Reactions from Whale Investors</h2>   
<p>As the Bitcoin price rallied above $101k again, whale activities remained relatively high in the past few days. According to market data from Coinglass, the supply of Bitcoin on <a href="https://coinpedia.org/exchange/" target="_blank" rel="noreferrer noopener">centralized exchanges</a> declined by over 37k in the past seven days to hover about 2.25 million at the time of this writing.</p>   
<p>The <a href="https://coinpedia.org/news/bitcoin-etf-inflows-hit-223m-as-institutional-demand-grows/" target="_blank" rel="noreferrer noopener">US spot BTC ETFs</a> accounted for huge demand last week, with a net cash inflow of about $2.17 billion, led by BlackRock’s IBIT and Fidelity’s FBTC.</p>   
<p>Meanwhile, on-chain data analysis by&nbsp;<a href="https://x.com/ali_charts/status/1868455501140521439?s=46" target="_blank" rel="noreferrer noopener nofollow">Glassnode</a>&nbsp;reveals that long-term holders have accelerated the overall Bitcoin sales, signaling the cycle top is close. On the other hand, Bitcoin addresses with at least 100 coins increased by 1,582 in the past 9 weeks.</p>   [post_titles_links postid="393406"]   
<h2 class="wp-block-heading" id="h-embracing-bitcoin-with-open-arms">Embracing Bitcoin with Open Arms </h2>   
<p><a href="https://coinpedia.org/news/japans-national-diet-bitcoin-reserve-proposal-a-new-chapter-in-crypto-adoption/" target="_blank" rel="noreferrer noopener">Bitcoin adoption</a> is gaining momentum as both <a href="https://coinpedia.org/news/time-to-buy-bitcoin-riot-platforms-buys-510m-worth-of-btc/" target="_blank" rel="noreferrer noopener">institutional players</a> and governments begin to recognize its potential. President-elect Donald Trump recently pledged that his administration will take significant steps to ensure the US leads in the <a href="https://coinpedia.org/crypto-live-news/donald-trump-were-doing-something-great-with-crypto/" target="_blank" rel="noreferrer noopener">cryptocurrency sector.</a></p>   
<p>Texas has already made moves toward building a strategic Bitcoin reserve, signaling the possibility of similar actions at the federal level. With the US national debt now surpassing $36 trillion, Bitcoin could play a role in strengthening economic resilience.</p>   
<p><strong>Will Other Nations Follow the US?</strong></p>   
<p>As the United States moves toward embracing Bitcoin as a strategic reserve asset, other countries are likely to follow. This shift could reshape global finance, positioning Bitcoin as a key tool in economic policy for years to come.</p>   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
<p><strong>What started as an experiment 16 years ago is now shaping the financial strategies of institutions and governments alike. This is a story for the books. </strong></p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1734327323221">
  <strong class="schema-faq-question">Why is Bitcoin so valuable today?</strong> 
  <p class="schema-faq-answer">Bitcoin's value is driven by its ATH of $106k, boosted by ETFs, adoption, and reduced exchange supply amid rising demand.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734327433267">
  <strong class="schema-faq-question">How much is $1 Bitcoin in US dollars?</strong> 
  <p class="schema-faq-answer">As of now, $1 Bitcoin equals approximately $106,352, reflecting its latest all-time high price in the crypto market.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734327439566">
  <strong class="schema-faq-question">What is the forecast for Bitcoin?</strong> 
  <p class="schema-faq-answer">Experts predict Bitcoin could soon reach $120k, with strong momentum from ETFs, institutional interest, and bullish technical patterns.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734327451285">
  <strong class="schema-faq-question"><strong>What will Bitcoin be worth in 2025?</strong></strong> 
  <p class="schema-faq-answer">Forecasts suggest Bitcoin may surpass $250k by 2025, fueled by institutional adoption, global reserves, and its capped 21M supply.</p> 
 </div> 
</div>

$106K Record High! Why Bitcoin Is Going Up Today and What’s Next

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