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Your day-ahead look for Dec. 17, 2024

WASHINGTON (Reuters) -Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. WHAT IS A STRATEGIC RESERVE? A strategic reserve is a stock of a critical resource which can be released at times of crisis or supply disruptions.

Here is a 2-minute breakdown of everything important that happened in crypto today.

Bitcoin and other cryptocurrencies have been catapulted into the spotlight as investors bet Trump will bring a friendlier regulatory environment.

The Revolut Pay enhanced due diligence API will be rolled out to crypto customers from start of 2025.

The way options are currently priced indicates a more measured bullish sentiment compared to what we've witnessed recently.

MicroStrategy has acquired 15,350 Bitcoin between Dec. 9 and Dec. 15 for approximately $1.5 billion, at an average price of $100,386 per BTC.

The Province home to Vancouver – which is exploring becoming a bitcoin-friendly city – maintains a ban on mining to preserve power for clean energy initiatives.

The agency notified Unicoin of its intent to sue the company over violations related to fraud and unregistered securities.

Big tech shares like Apple, Alphabet, Tesla and Broadcom all hit record highs, lifting the Nasdaq to one, too. Dow slips again as Fed meets this week.