Bitcoin Surges Above $106,000
Bitcoin has reached a record high, soaring above $106,000 after gaining more than 50% since the U.S. elections. This surge highlights renewed optimism in the cryptocurrency market, driven by growing investor confidence and speculation around Bitcoin being considered for strategic reserves.
The recent uptick has been fueled by increased adoption among institutional investors and broader acknowledgment of Bitcoin as a potential hedge against inflation. Market sentiment has also been bolstered by the stabilization of U.S. monetary policies and expectations of lower interest rates under the new administration.