Bitcoin smashes record-high, lifting value of crypto market past pandemic-era peak

Quick Summary:

Bitcoin has jumped 30 per cent since US election, hitting all-time high of US$89,599 on Nov 12.

Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress to push through his agenda.

Bitcoin has more than doubled so far in 2024, helped by robust demand for dedicated US ETFs and interest-rate cuts by the Federal Reserve.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Digital Token Election Donald Trump Bitcoin Cent Us$89 Traders Jumped All-time

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 09:28:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 23541700

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 13 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 5 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #25

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