The price of Bitcoin began to rise actively after the victory of Donald Trump in the US presidential election.
Bitcoin has surpassed $100,000 for the first time, setting its new all-time high since the cryptocurrency was launched more than a decade ago. Reuters wrote this on Thursday, December 5.
At about 6 am, Bitcoin was worth $103,000. Currently, the price of Bitcoin is $102,718, according to Binance data.
The price of Bitcoin has increased dramatically. Image: Screenshot
The price of Bitcoin rose sharply after the announcement of Donald Trump’s victory in the US presidential election. The cryptocurrency was trading at $69,000 on Election Day, but rose to $75,000 after Trump’s victory was confirmed.
The breakout of $100,000 came hours after the announcement of key appointments in the new Trump administration, including Paul Atkins, a former Republican member of the SEC, to lead the regulator.
As you know, the team of the newly elected US President is considering the possibility of creating the first position in the history of the White House dedicated to cryptocurrency policy.
Trump has promised to create more favorable rules for cryptocurrency, accumulate a strategic reserve of Bitcoin and make the United States the “crypto capital of the planet.”
Cryptocurrency market capitalization reached $3.2 trillion after Trump’s victory
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.