On December 18, according to Bloomberg, Bitcoin took a breather after breaking through $108,000 for the first time, as traders awaited the expected Federal Reserve decision to cut interest rates and assessed the optimism generated by U.S. President-elect Donald Trump's support for cryptocurrencies. Mr. Trump has promised friendly regulation aimed at US dominance in the cryptocurrency space, and has backed the idea of a strategic national bitcoin reserve. MicroStrategy's imminent entry into the Nasdaq 100 index has added fuel to the optimism, as it opens the door to further profits from its bitcoin investments. The Federal Reserve is widely expected to cut interest rates by another 25 basis points on Wednesday, but there has been less clarity on the future direction of policy due to strong U.S. economic growth and inflation risks from Trump's broader agenda