Should You Forget Bitcoin and Buy Solana Instead?
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Bitcoin's price reached an all-time high of $103,332 due to several catalysts, including the approval of spot price ETFs, a halving event, interest rate cuts, and crypto-friendly policies from President-elect Trump.
December 25, 2024 | 10:00 am
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Bitcoin's price surged to an all-time high of $103,332, influenced by ETF approvals, a halving event, interest rate cuts, and supportive policies from President-elect Trump.
The approval of Bitcoin spot price ETFs likely increased institutional interest, boosting demand. The halving reduced supply, further driving up prices. Interest rate cuts made alternative investments like Bitcoin more attractive. Trump's policies may have increased market confidence in crypto.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100