Bitcoin rally nears historic $100,000 mark amid speculation on Trump’s crypto-friendly policies

Quick Summary:

NEW YORK—Bitcoin topped $98,000 for the first time Thursday, extending a streak of record after record highs since the US presidential election.

The cryptocurrency has rocketed more than 40 percent in just two weeks.

The recent, dramatic rally arrives as industry players expect the incoming Trump administration to bring a more “crypto-friendly” approach toward regulating the digital currency.

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Article Details

Author / Journalist: Wyatte Grantham-Philips | AP Business Writer

Category: BusinessStartups

Markets: PhilippinesSouth Korea

Topics: Record Years Assets Price Recent Crypto Been Trump Industry Bitcoin Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-23 @ 16:03:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1032 words

Reading Time: 6 minutes read

Sentences: 48 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23780279

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

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Year Established: 2005

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News Last Updated: 9 hours ago

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