Cryptocurrency's $1 trillion rally has yet to reprise pandemic-era mania

Quick Summary:

But while Bitcoin is on a record-breaking tear and almost hit $100,000 atop President-elect Donald Trump’s pro-crypto agenda, many altcoins are trading below the highs posted three years ago.

Sun recently made a splash with a $30 million investment in Trump’s World Liberty Financial crypto project, praising its potential and denying the move was politically motivated.

The artwork, like crypto, ultimately derives meaning from an underlying idea, said China-born Sun, who until recently was better known as the target of US Securities and Exchange Commission fraud allegations that he rejects.

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Category: BusinessFinance

Markets: IndiaChinaHong KongSouth Korea

Topics: Cryptocurrency Cryptocurrencies Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 23:49:30 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 696 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23952633

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