BTC Surpasses Record $106,000, Market Cap Hits $2 Trillion

Bitcoin (BTC) surged to a new all-time high of $106,000 on Monda, maintaining its upward trend. In fact, since the presidential election, Bitcoin has increased by more than 50%.

The latest increase comes after President-elect Donald Trump stated that he intends to establish a US Bitcoin strategic reserve comparable to the country's strategic oil reserve, fuelling crypto bulls' enthusiasm.

According to Trump, "We're gonna do something great with crypto because we don't want China or anybody else—not just China but others are embracing it—and we want to be the head."

When asked if he plans to build a crypto reserve similar to oil reserves, Trump said, "Yeah, I think so."

Furthermore, given the high institutional interest and buying momentum, BTC is predicted to reach a price of $108,000 to $110,000 soon in the near future.