Bitcoin surged to an all-time high, surpassing $106,000 on Monday, following President-elect Donald Trump’s suggestion to establish a U.S. Bitcoin strategic reserve akin to the nation’s strategic oil reserve.

Japanese cryptocurrency exchange DMM Bitcoin is preparing to shut down its operations after suffering a massive $320 million loss in Bitcoin due to a private key hack in May.

Bitcoin (BTCUSD) has sharply reversed this week's upswing, dropping below $65,000 after rising above $71,000 on Monday.