Bitcoin stalls at $108,000, now near $98,000

Bitcoin has halted its rally after surpassing $108,000 for the first time, following a decision by the Federal Reserve to cut interest rates, and is seeing a wave of optimism after President-elect Donald Trump’s support for cryptocurrencies.

Trump has promised friendly regulations that would allow the United States to dominate the cryptocurrency sector, and he also backed the idea of ​​creating a strategic reserve of bitcoin, which Jerome Powell said in his speech yesterday.

The upcoming inclusion of MicroStrategy Inc. in the Nasdaq 100 index has also added further positivity to the market, opening the way for further share price gains for a company focused on raising capital to invest in bitcoin.