Bitcoin approaches $100,000 on optimism over Trump crypto plans
The world's largest cryptocurrency was trading between $98,000 and $99,000 in late afternoon trading in the U.S. on Thursday, after briefly touching $99,073. Bitcoin has more than doubled in value this year and is up about 40% in the two weeks since Trump was voted in as the next U.S. president and a slew of pro-crypto lawmakers were elected to Congress.
Trump embraced digital assets during his campaign, promising to make the United States the «crypto capital of the planet» and to accumulate a national stockpile of bitcoin.
Crypto investors see an end to increased scrutiny under U.S. Securities and Exchange Commission Chair Gary Gensler, whom Trump has said he will replace.
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View Details» Trump also unveiled a new crypto business, World Liberty Financial, in September. Although details about the business have been scarce, investors have taken his personal interest in the sector as a bullish signal.
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