Investing.com– Bitcoin rose to a record high on Monday as investors looked to the prospect of a Strategic Reserve under incoming President Donald Trump, while MicroStrategy’s addition to the Nasdaq 100 also spurred optimism.
The world’s biggest cryptocurrency reversed a weekend rout and pushed further above the $100,000 level, after Trump once again floated the idea of a Bitcoin reserve.
Sentiment was also boosted by MicroStrategy Incorporated (NASDAQ🙂 being added to the index- a move that could draw even more capital into the world’s biggest corporate Bitcoin holder.
jumped to a record high of $106,569.4, before retreating to $103,840.0 by 08:58 ET (13:58 GMT).
On-chain data showed a flurry of transactions by major crypto holders, called whales, to move Bitcoin off major exchanges. Such a move usually limits the crypto’s supply in open markets, prompting further price gains.
