BITCOIN POWERS ABOVE $105,000 FOR THE FIRST TIME – Bitcoin hit a high of $105,142 and last traded up 3.3% at $104,760
Bitcoin surged more than 3% to a record high above $105,000 in early Asian trade, extending gains made since Republican Donald Trump, who has promised to champion cryptocurrencies, was elected U.S. president in November
Bitcoin hit a high of $105,142 and last traded up 3.3% at $104,760.
Bitcoin rose above $100,000 for the first time on December 5 as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies.
Bitcoin has more than doubled in value this year and is up about 45% in the four weeks since Trump’s sweeping election victory, which also saw a slew of pro-crypto lawmakers being elected to Congress.
Trump embraced digital assets during his campaign, promising to make the United States the “crypto capital of the planet” and to accumulate a national stockpile of bitcoin.
