Bitcoin prices reached a record high above $107,850 on December 16, benefiting from strong fundamentals. Analysts highlighted several factors contributing to the surge, including rumors of a potential US Bitcoin Strategic Reserve created by President-elect Donald Trump, as well as Japan and Russia potentially following suit. The addition of MicroStrategy to the Nasdaq 100 Index and anticipation of a regulatory-friendly environment under the new US government also fueled optimism among investors. The market may also be factoring in an anticipated interest rate cut by the Federal Reserve and the seasonal "Santa Rally" trend in late December.



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