Bitcoin Hits Another High Beyond $107,800

Bitcoin, the cryptocurrency market leader, continued its high march, breaking the all-time high of $106,500, which was recorded the previous day, in one day.

On the U.S. cryptocurrency exchange Coinbase, the price of Bitcoin was trading at $107,846, up 4.52% from 24 hours ago as of 1:30 p.m. ET.

At the same time, No. 2 market cap Ethereum rose 3.84% to $4,062, Ripple rose 2.51% to $2.47, Solana fell 1.11% to $219, and Dogecoin rose 0.68% to $0.41.

Bitcoin's rise has been fueled by comments that U.S. President-elect Donald Trump will push for a strategic reserve fund.

Asked over the weekend if the U.S. plans to create a Bitcoin strategic reserve fund, such as an oil reserve fund, Trump said "yes."