Bitcoin, the world’s largest cryptocurrency, has once again shattered records, reaching an astonishing $108,740 per coin on Monday afternoon. This marks the second time in history that Bitcoin has crossed the $108,000 mark. According to data from CoinGecko, Bitcoin is currently trading at $107,847, reflecting an 8% increase for the day and a remarkable 18% rise over the past week.
The new record high came shortly after Bitcoin’s first breakthrough of the $108,000 level on December 17. The initial surge was fueled by the announcement of a pilot Bitcoin national reserve program in the United States, a move that sparked immense enthusiasm among crypto investors.
Market experts suggest that renewed interest in Bitcoin is closely tied to Donald Trump’s presidential inauguration. The crypto market has shown significant momentum, with major coins like Ethereum rising 4.7% to $3,363, Dogecoin gaining 0.5% to $0.377, and Solana trading at $262.
At the time of writing, Bitcoin’s fully diluted market cap stands at an impressive $2.14 trillion, with 19.812 million coins in circulation. Many believe this surge is driven by speculation that the new U.S. administration may push for the development of a strategic Bitcoin reserve, signaling Washington’s intent to embrace digital currencies as part of its financial strategy.
Bitcoin’s ability to break records and sustain high investor interest highlights its growing importance in the global financial system. As market players keep a close eye on these developments, the crypto community is buzzing with optimism about what the future holds for Bitcoin and the broader cryptocurrency market.
This historic milestone cements Bitcoin’s status as a transformative financial asset and a focal point for global investment trends.
