Bitcoin Climbs Above $107,000 to Hit New All-Time High, Ethereum, XRP, Dogecoin Follow Higher
MicroStrategy's founder makes a significant statement: Bitcoin is comparable to 'Network Manhattan'.
On Monday, as Cryptos reached new highs, Michael Saylor compared Bitcoin to New York City and its economic growth engine. Since 2020, MicroStrategy has been adding Bitcoin to its balance sheet and is now vigorously issuing convertible Bonds to fund the company's Bitcoin purchases.
Will the Federal Reserve decide to cut interest rates this week? Trump reiterated that the Global Strategy of BTC reserves boosts new highs.
This week is the super central bank week, with the market expecting nearly a 100% probability of a rate cut in this Federal Reserve interest rate decision. A number of economic data will be released intensively, and more interconnected performances are expected. The intraday increase is mainly influenced by Trump's renewed proposal to establish a Bitcoin Global Strategy reserve.
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