Bitcoin briefly tops $93,000 on Trump agenda

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DELHI — Bitcoin spiked above US$93,000 for a short period as expectations of further interest-rate reductions by the Federal Reserve (Fed) added to the impetus from President-elect Donald Trump's pro-crypto stance.

The digital asset rose nearly 6% in the United States to a record $93,462 but failed to hold the climb, falling back to $89,974 as of 10.28am on Thursday in Singapore.

The price of Bitcoin arranged on a smartphone inside the Upbit customer lounge in Seoul, South Korea, on Thursday.

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Article Details

Category: EconomyBusiness

Markets: ThailandSouth KoreaSingaporeUnited States

Topics: United Crypto Trump President-elect Donald Digital Price Reserve Thursday Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 11:10:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23579910

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 9 hours ago

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Publisher ID: #66

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