“Bitcoin is back on track to record highs as crypto-supporter Donald Trump’s second presidential inauguration is just days away.”, — write: epravda.com.ua
Bitcoin is back on track to record highs as crypto-supporter Donald Trump’s second presidential inauguration is just days away. Bloomberg writes about it. The largest cryptocurrency by market value is up about 12% since Sunday, giving it its biggest weekly gain since the election week in November. Bitcoin, which hit an all-time high of $108,315 in December, has declined for three of the past four weeks. It was up about 3.8% to $103,968 as of 10:52 a.m. in New York.Advertisement: Trump, previously a cryptocurrency skeptic, plans to issue an executive order that will make cryptocurrencies a policy priority and give industry insiders a say in his administration. Reminder: Pension funds are beginning to cautiously invest in Bitcoin, a sign that even traditionally conservative areas of finance cannot ignore the potentially high returns from cryptocurrencies.Advertisement: Bitcoin fell to its lowest level since November amid a sell-off in risk assets fueled by rising bond yields.