SOS 110k$BTC will turn around????

Bitcoin approaches the record of 108,000 USD after President Trump's statement

Bitcoin price surpasses the threshold of 107,000 USD after President-elect Donald Trump announced the establishment of the U.S. Strategic Bitcoin Reserve Fund, similar to the Strategic Petroleum Reserve Fund.

Bitcoin surged to a high of 107,780 USD/BTC before easing slightly and trading around the mark of 106,500 USD.

The price of bitcoin reached a record 107,000 USD after President-elect Donald Trump announced the establishment of the U.S. Strategic Bitcoin Reserve Fund, similar to the Strategic Petroleum Reserve Fund. This information has fueled excitement among cryptocurrency speculators.

Additionally, investor sentiment was bolstered when the world's largest bitcoin holder, MicroStrategy, was added to the Nasdaq-100 Index, which focuses on leading technology stocks. This move is expected to attract more capital flow into the software company known for its buy-and-hold bitcoin strategy.