Bitcoin rose to an all-time high above $106,000 in early Asian trading on Monday, buoyed by comments by US President-elect Donald Trump indicating that he intends to create a US strategic reserve for Bitcoin similar to strategic oil reserves.
Bitcoin, the world's largest and most popular cryptocurrency, hit a high of$106533 and in the latest trading reached $105688.
About $10 billion has flowed into bitcoin exchanges since Donald Trump was elected president of the United States. The ten Bitcoin ETFs have attracted about $9.9 billion in positive net investment on these funds since Nov. 5, supported by Trump's promises to support the sector. This brings the ten funds' total investments since their January listing to more than $113 billion.
Source (Al-Arabiya.net Website, Edited)
