Bitcoin soars to $107,000: Will the upward trend sustain? Experts weigh in

Bitcoin surged to a record-breaking high of $107,000, reflecting a nearly 6 per cent increase over the past week. This unprecedented rally was fueled by President-elect Donald Trump’s proposal to establish a Strategic Bitcoin Reserve, modeled after the U.S. Strategic Petroleum Reserve. The announcement has sparked optimism within the cryptocurrency market, signalling a potential shift toward a more favourable regulatory environment under Trump’s administration.