The Bitcoin Minute

1. Bitcoin reached a new all-time high of $106,533 due to President-elect Donald Trump's pro-crypto stance and increased institutional adoption through Bitcoin ETFs.
2. Donald Trump's administration plans to create a strategic bitcoin reserve, which could stabilize the cryptocurrency and increase its mainstream appeal. The proposal involves the U.S. Treasury purchasing 200,000 bitcoins annually for five years, totaling one million units. This move has sparked both enthusiasm and criticism, with some arguing it could boost the price significantly and others questioning its feasibility and potential risks.
3. Riot Platforms has continued its aggressive Bitcoin acquisition strategy, purchasing an additional $69.4 million in BTC after acquiring $510 million on Friday. This move reflects the company's bullish outlook on cryptocurrency prices and its commitment to maximizing mining operations.
4. Peter Schiff, a prominent Bitcoin critic, has accused Michael Saylor and MicroStrategy of manipulating the Bitcoin market by using borrowed funds to purchase more Bitcoin, thereby inflating its price.
5. Recent data shows significant increases in Bitcoin adoption globally, with India leading the way. Simultaneously, Semler Scientific has made a substantial investment in Bitcoin, highlighting institutional interest. This trend underscores the growing mainstream acceptance of cryptocurrencies.
6. Bitcoin has achieved its highest weekly and daily closes ever, driven by institutional demand, derivatives market boom, and ETF inflows. The rally continues despite volatility risks.
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