BTC broke through a new high of $107,000, and why is the new effective Cryptocurrency accounting standard in the United States a major Favourable Information for BTC?

The Financial Accounting Standards Board (FASB) in the United States officially implemented accounting standards specifically for Cryptocurrency on the 15th of this month. What's different from the past? (Background: Standard Chartered: Trump's inclusion of BTC in the US strategic reserve "is slim," but the SAB121 encryption accounting law will be overturned after taking office) The first Cryptocurrency accounting standard is now in effect, what's different? Previously, the US government did not have specific accounting standards for Cryptocurrency, how to record and measure its Cryptocurrency assets on the balance sheet. As a result, these companies could only classify Cryptocurrency as intangible assets, meaning that the cost could only be calculated based on the "purchase price". At the same time, for these companies, if the price of Cryptocurrency falls, they can only impair the value on the balance sheet; only when they decide to sell Cryptocurrency can they register the asset in a profitable manner. However, with the new accounting standards in place, companies can now separately record their holdings of Cryptocurrency on the balance sheet under special items, and calculate the fair value, allowing these companies to include the income brought by the rise in the price of the currency into their net profit. BTC broke through $107,000 again to set a new high. After hitting a historic high of $106,660 on the 16th, BTC surged again at 00:30 on the 17th, reaching a high of $107,796, a new all-time high. At the time of writing, there was a slight pullback to $106,020, with a rise of 0.51% in the past 24 hours.