Bitcoin hits US$95,000 as crypto sector seeks White House post under Trump

Quick Summary:

The world’s largest digital asset reaches an all-time high in Asia on Thursday.

Advocates of its claimed role as a modern-day store of value cherish the six-figure level as a rebuttal of sceptics who see little utility in crypto and decry its links to money laundering and criminal activity.

Speculators are increasingly focused on whether bitcoin will make a further leap to US$100,000.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong Kong

Topics: Role Time First Market Crypto Bitcoin Trump’s Donald Us$95 Digital-asset Sector

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 10:20:21 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 223 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 23726925

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