“The price of Bitcoin reached nearly $100,000 on Thursday as investors anticipate a more favorable US approach to cryptocurrencies under President-elect Donald Trump.”, — write: www.ukrinform.ua
Bitcoin prices exceeded 96 thousand for the first time. dollars during trading, reaching a high just above 96,898.
The cryptocurrency has more than doubled in price this year, and is up about 40% in the two weeks since Trump was elected the next US president and a number of pro-crypto lawmakers were elected to Congress.
During his campaign, Trump championed digital assets, promising to make the US the “crypto capital of the planet” and amass a national supply of bitcoins.
More than $4 billion has flowed into U.S. exchange-traded funds trading bitcoin since the election.
Read also: The USA has proposed new rules to protect data from hackers from China, Iran and the Russian Federation Crypto-related stocks soared along with the price of bitcoin, with shares of bitcoin miner MARA Holdings rising nearly 14% overnight, while loss-making bitcoin buyer MicroStrategy rose 10% and its market cap exceeded 100 billion dollars.
As reported by Ukrinform, the price of the meme-cryptocurrency Dogecoin has increased by almost 20% after the newly elected US President Donald Trump officially announced the creation of the Department of Government Efficiency, which he named “DOGE”.
Photo: Bloomberg