Riding on Donald Trump's euphoria, Bitcoin breaks through $90,000 mark

Quick Summary:

The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched record highs.It was last up 5.

Smaller peer ether has also risen 37 per cent since election day, while dogecoin, an alternative, volatile token promoted by billionaire Trump-ally Elon Musk was up more than 150 per cent.

Funds tracking the spot price of bitcoin, including BlackRock's iShares Bitcoin Trust, were up nearly 4 per cent on Wednesday.

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Category: BusinessFinance

Markets: IndiaUnited States

Topics: Donald Trump Cryptocurrency Cryptocurrencies Bitcoin Bitcoin value

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 22:33:57 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 504 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 34 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 23573871

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