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On Monday, 16 December, bitcoin reached a new historical high, breaking the $106,000 mark for the first time. According to the Binance crypto exchange, at its peak, around 02:40 Kyiv time, the value of bitcoin reached $106,600. Later, the rate dropped to $105,400, but by the end of the day, it resumed growth again. Overall, the cryptocurrency has risen by more than 3.5% over the past day.
The rise in the price of bitcoin began on 5 November, the day of the US presidential election, when its rate was around $68,000. Since then, the cryptocurrency has repeatedly updated its historical highs, demonstrating a rapid rise.
Experts attribute the current dynamics to political and economic uncertainty, as well as changes in the administration of US President-elect Donald Trump. He has announced that entrepreneur and venture capitalist David Sachs will be responsible for cryptocurrency and artificial intelligence policy.
Analysts point out that the appointment of Sachs, who is known for his progressive approach to technology, could create favourable conditions for the further development of the cryptocurrency market, which in turn will maintain high interest in bitcoin among investors.
Despite minor fluctuations, bitcoin is strengthening its position as a key player in the global financial arena, attracting the attention of both private and institutional investors.
