Bitcoin surged nearly 5% on Dec. 15, reaching an all-time high of $106,554 amid optimism around a possible U.S. reserve asset status under President-elect Trump and a Federal Reserve rate cut.
CK Zheng of ZK Square described the rally as “Santa Claus mode,” driven by FOMO among investors. He projected Bitcoin could hit $125,000 by early 2025 but warned of a potential 30% correction to around $87,500 as bullish news gets priced in.
Source: Cointelegraph
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