Donald Trump

Bitcoin

Rise

<p>Bitcoin broke new records on Monday night, rising to an all-time high of $106,648.</p>
<h2 id="bitcoin-reaches-all-time-high">Bitcoin Reaches All-Time High</h2>
<p>Bitcoin is currently trading at $105,000, up 2.80% in the last 24 hours, and the price has pulled back slightly from its record high.</p>
<p>Analysts attribute Bitcoin's record-breaking rally to a combination of institutional demand, rising adoption, and supportive market developments.</p>
<p>“This new all-time high is a turning point for Bitcoin,” said Rachael Lucas, crypto analyst at BTC Markets. “It signals that Bitcoin is shifting from a retail-focused asset to one increasingly dominated by institutional investors, ETFs, and corporate adoption, further solidifying its status as a legitimate asset class.”</p>
<h2 id="key-factors-behind-the-increase">Key Factors Behind the Increase</h2>
<p>US President-elect Donald Trump has sparked optimism in the crypto market with his recent announcement of creating a strategic crypto reserve and promising to “do something great” with crypto.</p>
<h3 id="microstrategy-joins-nasdaq-100">MicroStrategy Joins Nasdaq 100</h3>
<p>MicroStrategy, a major Bitcoin holder with reserves worth over $44 billion, announced on December 23 that it will join the Nasdaq 100 index. Co-founder Michael Saylor also fueled the excitement with social media posts hinting at additional Bitcoin purchases.</p>
<h3 id="riot-platforms-bitcoin-purchase">Riot Platforms' Bitcoin Purchase</h3>
<p>Bitcoin mining giant Riot Platforms further boosted market sentiment on Friday by announcing that it purchased 5,117 Bitcoins at an average price of $99,669 per coin.</p>
<p>The Federal Reserve’s final FOMC meeting of the year on Wednesday is drawing a lot of attention from investors. The probability of a 25 basis point rate cut is 97.1%, according to CME Group’s FedWatch tool, which could provide further support for Bitcoin and other risk assets.</p>
<p>“The FOMC meeting will provide important insights into the Fed’s monetary policy trajectory,” said Min Jung, an analyst at Presto Research. “Any dovish signals, combined with expectations for Trump’s crypto-related policies, could trigger another rally for Bitcoin.”</p>
<p>As we approach the end of 2024, market participants remain optimistic about Bitcoin’s continued growth potential. With deepening institutional participation and macroeconomic factors aligning, analysts are predicting a strong start for Bitcoin in the new year.</p>
<p>*This is not investment advice.</p>
<p><b> Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-continues-to-break-records-new-ath-arrives-here-are-the-factors-that-triggered-the-rise/" rel="noopener noreferrer nofollow">Bitcoin Continues to Break Records, New ATH Arrives! Here Are the Factors That Triggered the Rise</a></b></p>

Bitcoin Continues to Break Records, New ATH Arrives! Here Are the Factors That Triggered the Rise

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