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The leading cryptocurrency has achieved a new all-time high (ATH), briefly surpassing $106,300. Consequently, the overall cryptocurrency market capitalization has climbed above a historic $3.92 trillion.
As reported by CoinGecko, BTC reached a new ATH of $106,352. As of December 16, 2024, at 10:00 a.m. (GMT+2), a minor correction adjusted the price to approximately $104,900. Bitcoin’s dominance rate remains slightly above 57%.
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The primary driver behind this increase was Donald Trump’s remarks on CNBC, where he confirmed his intention to endorse the use of Bitcoin as a strategic reserve. He emphasized that this action would bolster the United States’ position in the digital asset arena. It is noteworthy that similar considerations are being explored at the state level in Texas, Florida, Alabama, and Pennsylvania.
Another crucial element affecting Bitcoin’s price surge is the expectation of a U.S. Federal Reserve interest rate reduction. According to Forbes, Fed officials may announce a 25 basis-point cut at their forthcoming meeting set for December 18.
It is essential to remember that Bitcoin’s prior ATH of $103,700 was established less than two weeks ago. Following that, CP Media examined potential growth limits for Bitcoin’s price and the underlying factors. One of the significant drivers identified was the utilization of BTC as a reserve asset.
Сообщение Bitcoin’s Price Sets a New All-Time High at $106,300 появились сначала на CoinsPaid Media.
