BTC price has reached a new historical high

It took a little over ten days for bitcoin to regain its position in the market, reaching a new all-time high above $106,000.
Over the past 12 hours, BTC has shown sharp volatility, rising, falling, and rising again. As a result, positions worth more than $300 million were liquidated. Almost 100,000 traders suffered losses in a day due to the rally of the first cryptocurrency.

After the last peak, BTC retreated by about $2,000. This may indicate that some users expected further growth and failed to close their positions in time.
For reference: On December 5, bitcoin reached a new all-time high when it exceeded $100,000 for the first time. At the same time, its market capitalization amounted to $2 trillion, which is $1.2 trillion more than at the beginning of the year.

According to TradingView, the price jumped to a record high of $103,630 during trading in Asia. One of the reasons was the political factor — Trump's support for cryptocurrencies at the Securities and Exchange Commission and his victory in the US elections.