Bitcoin jumps to record as Trump's election turbocharges cryptocurrencies

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Bitcoin jumps to record as Trump's election turbocharges cryptocurrencies - Channel News Asia

Quick Summary:

LONDON :Bitcoin soared to a record high above $82,000 on Monday on expectations that cryptocurrencies will boom in a favourable regulatory environment following the election of Donald Trump as U.S.president and of pro-crypto candidates to Congress.

While Simpson warned that Trump's near-term priorities are likely to lie elsewhere, crypto investors see an end to stepped-up scrutiny under U.S.

FILE PHOTO: A sign is pictured as people attend a crypto conference, Bitcoin 2024 in Nashville, Tennessee, U.S.July 27, 2024.