Bitcoin hits a record above $107,000 as fresh bullishness propels the crypto higher

Chesnot/Getty Images

• Bitcoin surpassed $107,000 for the first time on Monday, marking another record for the crypto.
• A new burst of bullish sentiment has been propelled by more talk of a bitcoin reserve and an expected rate cut.
• Optimism is growing on Wall Street, with one forecaster eyeing $500,000 for bitcoin in 2025.

Bitcoin crossed the $107,000 threshold for the first time on Monday, adding to the coin's string of all-time highs in recent weeks as investors...