Bitcoin price sets a new record: surpassing $106,000

According to a report by Reference News on December 17, citing Reuters on December 16, U.S. President-elect Donald Trump stated that he plans to establish a Bitcoin strategic reserve similar to the country's strategic petroleum reserve. Fueled by these remarks, the price of Bitcoin broke the record of $106,000 during early Asian trading on the 16th.

As the largest and most well-known cryptocurrency globally, the price of Bitcoin reached a high of $106,533 on the 16th. Smaller cryptocurrencies like Ether also saw an increase of nearly 3%, reaching $4,014.

IG Group analyst Tony Sycamore said, "The next price level the market is watching is $110,000. Many were waiting for a pullback that did not occur."

Since Trump was elected on November 5, along with many other candidates who support cryptocurrencies, the price of Bitcoin has risen by more than 50%. According to data provider CoinTiger, the total value of the cryptocurrency market has nearly doubled over the past year, reaching a record level of over $3.8 trillion.

This month, Trump announced he would appoint former PayPal executive David Sacks to lead the White House's artificial intelligence and cryptocurrency affairs. Sacks is a close friend of Trump's advisor and major donor Elon Musk.

Trump also stated that he would nominate cryptocurrency-supporting lawyer Paul Atkins to be the chairman of the Securities and Exchange Commission.