Bitcoin (BTC) $102,189.6added a new one to its historical peaks. The world’s largest cryptocurrency broke a new record with 106 thousand 648 dollars at night. Donald Trump‘s statements after the presidential election and positive expectations in the market accelerated this rise.
Trump’s “Strategic Reserve” Words Were Effective
The most striking development in Bitcoin’s record rise was Trump’s statement over the weekend. When asked by a journalist, “Are you considering creating a Bitcoin strategic reserve?”, Trump replied, “Yes, I think we will do that.” This statement is made by the new president of the USA cryptocurrencyIt gave rise to the expectation that he could take a concrete step towards these issues. American media wrote that one of Trump’s first actions in the White House would be to implement this reserve.
The idea of strategic reserves is seen as an important support element for the future of Bitcoin. As a matter of fact, after this statement cryptocurrency marketA big buying wave started in . Investors viewed the development as a signal that Bitcoin would become as reliable as traditional financial instruments.
Markets Alert Before Fed Decision
On the other hand, another factor supporting the rise in Bitcoin’s price will be announced this week. Fed interest rate decision happened. US Federal Reserveis expected to make a 25 basis point interest rate cut on Wednesday. CME Fed Watch Tool According to data, the probability of this discount is priced at over 97 percent. It is anticipated that the Fed, which has cut a total of 75 basis points since the beginning of the year, will provide a new liquidity flow to the markets.
This expectation stands out as another reason that drives investors to cryptocurrencies. The decrease in interest rates reduces the attractiveness of the US dollar and increases the demand for alternative investment instruments. Bitcoin’s recent rise is also strongly influenced by this general economic trend.
Bitcoin is trading at $104,700 at the time the news was written. Markets continue to fluctuate due to the impact of the Trump administration and Fed policies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
