Bitcoin Reaches New ATH Amid Growing Strategic BTC Reserve Optimism

Quick Summary:

Bitcoin jumped to a fresh high above $107,000 on Monday as crypto bulls were left giddy with excitement after President-elect Donald Trump floated the possibility of setting up a US strategic BTC reserve.

They will also watch for high market capitalization compared to realized value and declining Bitcoin market dominance.

Investor sentiment was boosted with the news that MicroStrategy would join the technology-heavy Nasdaq 100 index, a move expected to spur more inflows for the software company turned Bitcoin purchaser.

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Article Details

Author / Journalist: Teuta Franjkovic

Category: Crypto

Markets: IndiaBhutanChinaEl SalvadorUnited States

Topics: Donald Trump Bitcoin 24/7 Cryptocurrency News Bitcoin reserves Bitcoin News Bitcoin (BTC) Price VanEck Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 18:45:09 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 615 words

Reading Time: 4 minutes read

Sentences: 43 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24452696

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 36 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #59

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