Bitcoin has refreshed its historical high, and stocks related to Cryptos have surged across the board before the market opens! Trump's actions have reignited enthusiasm in the crypto world, potentially targeting 0.11 million dollars.

On the morning of October 16th, in Peking time, the price of Bitcoin surpassed 0.106 million USD, rising more than 3% and setting a new historical high again. Last week, the elected president of the USA, Trump, stated that he plans to establish a US Bitcoin Strategic Reserve similar to the Strategic Petroleum Reserve. Trump said, "We will do great things in the field of Cryptos."

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Latest Cryptos news | Will history be created again? Bitcoin hits the $0.11 million mark; the third state in the USA may launch "Global Strategy Bitcoin Reserve" legislation this week.

After USA Senator Lummis proposed the acquisition of 5% of the Bitcoin supply by the USA government, Ben Simpson, founder and CEO of Collective Shift, analyzed that if the Global Strategy Bitcoin reserve is approved, the market is expected to become unstable, with Bitcoin likely to rise and then possibly decline.

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Bitcoin Breaks All-time High Above $106,000, Triggers Nearly $120 Million in Liquidations

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What happened to the USA market? The Dow has fallen for seven consecutive days, and US Treasury bonds have declined for five straight days, yet Bitcoin keeps rising joyfully!

① As of Sunday, Bitcoin has risen for seven consecutive weeks, marking the longest upward trend since 2021; ② However, if you look at the traditional stock and bond markets, you may find that compared to the situation at the beginning of the election, the field of Cryptos like Bitcoin has gradually become a "beautiful landscape" recently; ③ The Dow has currently faced seven consecutive days of declines, while US Treasuries experienced five consecutive weeks of losses last week.

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Bitcoin Hits Another Record High. Can It Reach $150,000 This Cycle?

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