Bitcoin price hit an all-time high of $106,496 early Monday, reaping further gains from President-elect Donald Trump’s plans to deregulate cryptos and create a national strategic reserve of Bitcoin. The slight drop could be due to fears the Federal Reserve will adopt a more hawkish tone as the Federal Open Market Committee meets next on Dec. 18. Cryptocurrencies are generally considered a risky investment and tend to rise when the Fed cuts rates.
