Market Watch: BTC Breaks $106,000, ETH Price Trend Brings Positive Signals for Breaking $4,000 Mark

According to Strike CEO Jack Mallers, if elected president, Trump plans to establish a strategic Bitcoin reserve by executive order on his first day in office.

According to Strike CEO Jack Mallers, if reelected, Trump will establish a strategic Bitcoin reserve by executive order on his first day in office. Influenced by this news and the inclusion of Bitcoin in financial allocations by several well-known companies, the price of Bitcoin has been climbing all the way to a record high of $106,660. Meanwhile, MicroStrategy co-founder Michael Saylor hinted at the possibility of a new round of major Bitcoin acquisitions, further boosting market sentiment.

Driven by this positive news, Glassnode co-founder predicts that altcoins including ETH, LINK, AAVE and BGB may rebound during the holiday. Ethereum's current price trend also brings positive signals for breaking through the $4,000 mark. However, there are also some noteworthy trends in the market: one of the world's largest cryptocurrency exchanges recently saw a large transfer of more than $1 billion in Bitcoin, while hedge funds' Ethereum short positions on the Chicago Mercantile Exchange (CME) hit a new high, showing that there are differences in the market.

In the traditional financial sector, Societe Generale successfully completed a tokenized bond mortgage market transaction on the Ethereum blockchain, highlighting the increasing acceptance of blockchain technology by traditional financial institutions. Real estate investment expert Grant Cardone even suggested combining real estate investment with Bitcoin to pursue higher returns.

It is worth noting that the Ethena token ENA rose by 23.08% in 24 hours. Although market indicators show certain volatility risks, most experts remain optimistic about the prospects of the cryptocurrency market and generally expect Ethereum to hit a new high in 2025.