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Bitcoin rallies past $107,000, hopes grow for strategic reserve - REUTERS

DECEMBER 17, 2024

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  • Bitcoin hits record high amid Trump's pro-crypto stance
  • Price up over 50% since Nov US election
  • Bitcoin buyer MicroStrategy joins Nasdaq 100

Dec 16 (Reuters) - Bitcoin's record rally topped $107,000 on Monday after President-elect Donald Trumpreiterated that he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls.

Investor sentiment also got a lift from the inclusion of MicroStrategy (MSTR.O) into the tech-heavy Nasdaq 100 index that will likely lead to more inflows for the software firm turned bitcoin buyer.

Crypto News

December 23 Bitcoin Posts First Weekly Decline Since Trump’s Election Win - BLOOMBERG December 23 US crypto industry eyes possible day-one Trump executive orders - REUTERS December 21 Why Nigerians ditched eNaira - DAILY TRUST December 21 The Fed’s ‘Biggest Nightmare’ Is Suddenly Coming True As Bitcoin Price Surges - FORBES December 21 Bitcoin Slumps as Trump Euphoria Gives Way to Wariness on Fed - BLOOMBERG December 20 Losses from crypto hacks jump to $2.2 bln in 2024, report says - REUTERS December 19 Senate proposes law to ban use of dollar, others for transactions - BUSINESSDAY December 19 Almost 800 suspects arrested in Nigeria over crypto-romance scam - FRANCE 24 December 19 Naira further appreciates against dollar on black market - DAILY POST December 19 Almost 800 arrested over Nigerian crypto-romance scam - REUTERS December 18 As bitcoin soars, luxury brands consider accepting crypto payments - REUTERS December 18 Bitcoin price drops to $100.3K after Fed rate cut and Powell’s revised 2025 inflation... (read more) December 18 Crime’s Plunge and Bitcoin’s Boom Still Leave El Salvador Chasing Economic Miracle - BLOOMBERG December 18 How would a US bitcoin strategic reserve work? - REUTERS December 17 MicroStrategy Buys More Bitcoin Ahead of Joining Nasdaq 100 - BLOOMBERG December 17 Ripple’s new stablecoin for payments will be available to trade Tuesday - CNBC December 17 Bitcoin rallies past $107,000, hopes grow for strategic reserve - REUTERS December 17 Explainer: How would a U.S. bitcoin strategic reserve work? - REUTERS December 16 Bitcoin tops $106,000, hopes grow for strategic reserve - REUTERS December 16 Morning Bid: Making bitcoin great - and above $105,000 - REUTERS December 16 Bitcoin surges above $106,000 on strategic reserve hopes - REUTERS December 14 Bitcoin on Track for Longest Weekly Winning Streak In Over Three Years - BLOOMBERG December 12 What to Expect from Bitcoin in 2025 - MORNING STAR December 12 Bitcoin is up by 138% this year. It is a nonsense-free rally - THE ECONOMIST December 12 BlackRock recommends bitcoin portfolio weighting of up to 2% for interested investors - REUTERS December 12 US bankers cautious on crypto despite expected regulatory easing - REUTERS December 12 Australia orders $5.1 mln fine on Kraken crypto exchange operator - REUTERS December 09 MicroStrategy Buys More Bitcoin as Funding Draws Scrutiny - BLOOMBERG December 09 US Bitcoin ETF Inflows Near $10 Billion Since Trump Election Win - BLOOMBERG December 08 SEC explores blockchain technology to enhance trust, transparency in capital market - PUNCH

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