Bitcoin at record highs, sets sights on $100,000

Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration.

It has more than doubled in value this year and is up about 45% in the two weeks since Trump's sweeping election victory, which has also seen a slew of pro-crypto lawmakers being elected to Congress.

<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-115586603»>

The crypto currency was last up just over 1% on the day at $99,380, and is on track for its best monthly performance since February.

<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-115586603»> Crypto TrackerTOP COIN SETSCrypto Blue Chip — 512.60% BuyNFT & Metaverse Tracker9.91% BuyWeb3 Tracker7.89% BuyBTC 50 :: ETH 506.99% BuyAI Tracker6.26% BuyTOP COINS (₹) BNB54,290 (1.17%)BuyTether85 (0.18%)BuyBitcoin8,351,308 (0.0%)BuyEthereum282,238 (-0.55%)BuySolana21,594 (-2.78%)Buy

Its surge has made bitcoin one of the stand out winners of so-called "Trump trades" — assets that are seen as winning or losing from Trump's policies.

<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-115586603»> Assembly Election Results Live Updates

Maharashtra Poll Results Highlights 2024

Jharkhand Poll Results

Read more on economictimes.indiatimes.com