Bitcoin Barrels Close To $98,000—Is The $100K Barrier Next?

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According to some sources, the president’s team is currently considering this office, and many crypto execs are jockeying for an audience with the president.1/ MicroStrategy just convinced investors to pay $520,234 per Bitcoin That’s the biggest Bitcoin play I’ve ever seen: pic.twitter.com/yeZfGlcm6j — ELI5 of TLDR (@explain_briefly) November 20, 2024 Institutional Adoption, MicroStrategy’s Bitcoin-First Policy Boost Price Some experts also attribute Bitcoin’s recent run to MicroStrategy’s bold "Bitcoin-first” policy.

Related Reading: XRP On Fire: Over 90% Weekly Growth Catapults Altcoin To Fresh 2-Year High The recent surge in Bitcoin’s value is not just a market trend, but a reflection of the growing optimism surrounding incoming US President Donald Trump’s potential crypto-friendly policies and his pick for the Securities and Exchange Commission (SEC) chief.

Related Reading: Solana Market Cap Hits Milestone: $400 Price Target Gains Traction The growing popularity of Bitcoin ETFs also helps, and the market currently benefits from the introduction of options trading.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Cryptocurrency Market News Trump Bitcoin Btcusd Btc Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 21:00:30 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 74 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23744873

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Main Topics: Crypto

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