Bitcoin reaches $106,000 for the first time on optimism over Trump

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The story "Bitcoin reaches $106,000 for the first time on optimism over Trump" was covered 1 weeks ago by The Straits Times, a news publisher based in Singapore.

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The Straits Times 1w ago

Bitcoin reaches $106,000 for the first time on optimism over Trump - The Straits Times

Quick Summary:

SINGAPORE – Bitcoin rallied past US$80,000 (S$106,000) for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.

Trump’s stance contrasts with a crackdown on digital assets under President Joe Biden.

The rise in the largest digital token, which scaled fresh records after the US vote, exceeds the returns from investments such as stocks and gold.