Bitcoin on cusp of topping record high thanks to Trump trade

Quick Summary:

Bitcoin has jumped about 73 per cent so far in 2024.

The effort is nicknamed the Department of Government Efficiency, or DOGE, a reference to the Dogecoin token that Musk has embraced.

Options traders have increased bets that Bitcoin will reach a peak of US$80,000 by the end of November regardless of who wins the election.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaUnited States

Topics: Republican Viewed Bitcoin Trump Embraced Crypto Trade Election Us$73 Digital So-called

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 09:24:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 23333911

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Publisher ID: #25

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