Bitcoin breaks $106,000 barrier Bitcoin surged to a new record high, surpassing $106,000 on Monday, supported by increased institutional demand for digital assets and expectations of wider adoption of cryptocurrencies. Bitcoin, the worldâs largest cryptocurrency, hit an all-time high of $106,533, rising 3.2% to trade at $104,462. Ethereum, the most popular cryptocurrency, rose 1.5% to $3,965, News.az reported citing Reuters. âThe situation is very positive in the Bitcoin market. We expect the market to head towards the $110,000 level. The pullback that many people were waiting for did not happen, due to the recent positive news,â said Tony Sycamore, an analyst at IG. Investor sentiment also got a boost from MicroStrategyâs inclusion in the Nasdaq 100 tech index, which should attract more investment for the company that has become a major investor in Bitcoin. News that the incoming Trump administration may adopt more friendly policies towards cryptocurrencies has pushed Bitcoin and other digital currencies into the spotlight, boosting investor confidence and driving up their prices. Bitcoin is up 192% this year.
According to CoinGecko, governments around the world collectively own about 2.2%