Bitcoin reached a major milestone, surpassing the long-anticipated $100,000 mark. Its market capitalisation additionally crossed $2 trillion, setting one other file.
The newest worth file was achieved on Thursday morning throughout East Asian buying and selling hours, as a sudden bullish development propelled Bitcoin previous $100,000. The value peaked at $103,500 earlier than correcting barely to $102,600 on the time of writing.
The current surge within the cryptocurrency’s worth was pushed by Donald Trump’s victory because the forty seventh President of america. All through his marketing campaign, Trump expressed robust help for cryptocurrencies, referring to himself because the “First Bitcoin President.” He additionally attended a number of Bitcoin conferences and pledged to introduce crypto-friendly insurance policies.
This text was written by Arnab Shome at www.financemagnates.com.
Source link
