On December 15, Bitcoin reached a new all-time high, surpassing $106,000, fueled by positive market sentiment and supportive macroeconomic factors.
Bitcoin Hits New Heights
On December 15, Bitcoin's price surged nearly 5%, reaching a new all-time high above $106,000. Speculation about its potential status as a U.S. reserve asset also contributed to the price increase. CoinMarketCap data showed Bitcoin peaking at $106,488 before slightly retreating to $104,736. The previous high was $104,000, set on December 5.
Small Bitcoin Holders Keep Accumulating
Wallets holding less than 1 BTC, referred to as 'shrimp wallets,' are expected to grow by almost 9% as small-scale investors continue accumulating despite high prices. Currently, there are about 323,000 shrimp wallets, predicted to increase to 351,000.
Will a U.S. Bitcoin Reserve Lead to Volatility?
Analysts warn that Senator Cynthia Lummis’ proposal for the U.S. to buy 5% of Bitcoin's supply could lead to volatility. However, analysis suggests Bitcoin's price is likely to remain stable due to strong spot market demand.
Bitcoin's price continues to astonish and attract attention from both retail and institutional investors. Despite market fluctuations, interest in cryptocurrencies remains high.
