Bitcoin Hits Record High on Trump Support and MicroStrategy Announcement

Bitcoin surpassed a record high as investors bet on President-elect Donald Trump’s support for cryptocurrencies, coupled with optimism over MicroStrategy’s potential inclusion in a key US stock index. The virtual currency rose 4.1% to $107,116, surpassing its previous peak set on December 5. MicroStrategy announced it bought an additional $1.5 billion worth of Bitcoin in the past week, further boosting sentiment.

Source: https://www.bloomberg.com/news/articles/2024-12-15/bitcoin-btc-hits-record-after-longest-weekly-winning-run-since-2021