Bitcoin surges above US$106,000 on strategic reserve hopes

Quick Summary:

Bitcoin has surged more than 50 per cent since the November 5 election that saw Trump elected along with many other pro-crypto candidates.

An advertisement for bitcoin is displayed on a building in Hong Kong, November 18, 2021.

Other countries have also been considering cryptocurrency strategic reserves.

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Article Details

Author / Journalist: Reuters

Category: Technology

Markets: Hong KongChina

Topics: Cryptocurrency Bitcoin Plans Reserve Us$106 “we’re Crypto Trump Strategic Last Similar

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 10:48:16 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 187 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 24424878

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About SCMP

Main Topics: Technology

Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 9 hours ago

Coverage Areas: Hong Kong

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Publisher ID: #41

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