Trump win ignites crypto frenzy that sends bitcoin to a record high

Quick Summary:

The price of bitcoin hit a new high Wednesday as investors bet that former President Donald Trump’s victory in the US presidential election will be a boon for cryptocurrencies.

Other cryptocurrencies also soared, including ether, the world’s second most popular cryptocurrency after bitcoin, which rallied 8%.

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

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Article Details

Author / Journalist: Kelvin Chan / The Associated Press

Category: BusinessStartups

Markets: Philippines

Topics: U.S. Politics American democracy Gender gap Election 2024 U.S.-Mexico border U.S.-China tariffs U.S. presidency Immigration policy Trump victory Tech Roe v. Wade Republican win Top News Kamala Harris Divided nation Democratic Party challenges World Economic populism

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 13:53:54 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 524 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 33 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23448254

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 58 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 8 hours ago

Coverage Areas: Philippines

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #37

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