Bitcoin Reaches New Heights

On Monday, Bitcoin achieved a new milestone by surpassing the $107,000 mark for the first time. This surge followed United States President-elect Donald Trump's promise that his administration plans to do "something great" with cryptocurrencies. This announcement has significantly impacted the market, driving Bitcoin's value upwards.

Earlier, Bitcoin had already reached another significant milestone, topping $105,000, due to the Texas House of Representatives legislation to set up a Bitcoin reserve in the state. These events have collectively contributed to Bitcoin's current value of $107,074.911 at 11:37 am ET, representing an increase of 2.54%. Ethereum also saw a rise of 0.14% to $3,962.7728 at 11:38 am ET.