With the optimistic expectation of the Federal Reserve's interest rate cut this week, Bitcoin surged past the $106,000 mark this morning.

If it can break through again after the consolidation, there is hope to adjust the historical high of the $104,000 level.

Around 4 a.m., the price spiked to $97,888, officially returning to a five-digit price. Then, around 6 a.m. today, Bitcoin experienced a flash crash, dropping to $90,500.

Bitcoin entered a volatile downward trend after briefly reaching a historic high of $99,588 over the recently concluded weekend.

Bitcoin began to show the most obvious pullback after Trump's election, fluctuating downwards from around $99,500, reaching a low of about $90,800 this morning.

The Great God said: On November 19, Bitcoin's long and short positions were both killed after breaking through $92,500 and then plummeted!

Due to the potential new economic policies that may come with Trump's leadership, the Fed may not lower interest rates as many times next year as the market previously expected in September.

Trump was elected as the President of the United States in 2024, winning not only the Electoral College votes but also the popular vote, leading to a bullish trend in the cryptocurrency market.

A large bullish candlestick surged, reaching a new all-time high of $81,846.

U.S. Vice President and Democratic presidential candidate Harris leads former U.S. President and Republican presidential candidate Trump by a narrow margin of only 1%.