Bitcoin Hits New All-Time High After Breaching $108,000 2nd Time in History

Bitcoin broke a new all-time high on Monday afternoon (Islamabad time), smashing past $108,000 per coin for only the second-ever time in history. The biggest coin is now trading for $107,847, CoinGecko data shows. Over the day so far, it’s up 8 percent—but over a seven-day period, it’s up nearly 18 percent. The coin’s new record price is $108,740 which it hit only an hour ago. BTC first breached the $108,000 level on December 17 after news of the launch of a pilot Bitcoin national reserve in the US. The crypto space started packing some real weight ahead of Donald Trump’s inauguration today. Ethereum is up 4.7 percent at $3,363, DOGE up 0.5 percent at $0.377 and Solana at $262. At the time of filing, BTC has a full diluted market cap of $2.14 trillion and 19.812 million coins in circulation. Market players have observed that investors suddenly reignited their interest in BTC ahead of Trump’s inauguration. Majority of the market now expect the new US President to push for a new strategic Bitcoin reserve which would allow the Washington to build a crypto stockpile of its own.