Bitcoin topped $87,000 for a new record high; what to know about crypto’s post-election rally

Quick Summary:

NEW YORK—As money continues to pour into crypto following Donald Trump’s victory last week, bitcoin has climbed to yet another record high.

He has pledged to make the US “the crypto capital of the planet” and create a “strategic reserve” of bitcoin.

They added that spot crypto ETFs saw some of their largest inflows on record in the days following the election.

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

Category: BusinessStartups

Markets: Philippines

Topics: Trump Bitcoin Recent Years Election Crypto Assets Money Week Cryptocurrency Last

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 12:13:44 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1010 words

Reading Time: 6 minutes read

Sentences: 47 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23552949

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Official Website: businessmirror.com.ph

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