Bitcoin Climbs to Yet Another All-Time High at $107,000

The historic climb of Bitcoin over the past weeks has been a testament to massive industry support for the top cryptocurrency

Bitcoin (CRYPTO: BTC) price soared to another record high Monday afternoon.

What Happened: Bitcoin price surged over 2% in the past 24 hours to reach a high of $107,778 by early Monday afternoon, according to CoinMarketCap data. The apex cryptocurrency started the week by breaching the $107,000 valuation milestone.

The recent rally in Bitcoin price was influenced by claims made by soon-to-be United States President Donald J. Trump, regarding a US Bitcoin Strategic reserve.

Bitcoin price saw another record high recently at $106,000 over the past weekend.

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Cryptocurrency bull Robert Kiyosaki predicted Bitcoin price could reach highs of $150,000 to $200,000 by 2025.

Bitcoin price witnessed a surge of about 60% since November.

Why It Matters: Bitcoin price recovered from earlier this year and went on to set several all-time highs following the 2024 US Presidential elections.

Bitcoin price saw a strong move in the lead-up to the election results and the rally was cemented post-Trump’s win, initially breaching the $75,000 mark.

Bitcoin price remained the hot topic of discussion for several weeks, with the apex coin trending following its rapid developments from early November.

Bitcoin price was seen inching closer to the $100,000 milestone, a level that was last breached in late November, and became official in early December.

Bitcoin price already recorded a key milestone in early December, breaching the $100,000 mark — a valuation that remained an aspiration for several investors and enthusiasts, showcasing a surge of over 140% for the year.

However, the apex cryptocurrency’s achievements are far from over, with Bitcoin price being heavily influenced by plans for future Trump support for the apex coin, including the US BTC Strategic Reserve.