Bitcoin Hits New Highs Amid Increased Trader Interest

In a remarkable turn of events, Bitcoin soared past the $100,000 threshold, marking its highest value since December 19. This surge, a 3.65% increase, was recorded at 5:23 pm ET, with Bitcoin trading at $101,980.644. Ethereum also saw a rise, albeit smaller, increasing by 1.24% to $3,680.4593.

MicroStrategy's Major Bitcoin Purchase

Adding to the momentum, MicroStrategy made headlines with its acquisition of an additional 1,070 Bitcoin for $101 million. This move underscores the growing confidence among institutional investors in the cryptocurrency's value and potential.

Political Support for Cryptocurrency

In a related development, Congress certified Donald Trump's presidential victory. Trump, who has positioned himself as a pro-crypto candidate, has advocated for easing regulations on cryptocurrencies and proposed the creation of a strategic Bitcoin reserve for the United States. This political endorsement could further bolster the cryptocurrency market's growth and acceptance.