On December 5th, Bitcoin soared by nearly 6% today, breaking through 104,000 US dollars at one point, setting a record high. Coinglass shows that in the past 24 hours, nearly 200,000 people in virtual currency have liquidated their positions. The sharp rise of Bitcoin is mainly related to the global interest rate cut cycle, investors' increased risk appetite, and Trump's continued support. Trump once said in his election speech that he would establish a national strategic reserve of Bitcoin.