Bitcoin breaks $100K barrier! What's next after this milestone?
Bitcoin, the world’s largest cryptocurrency by market value, crossed the $100,000 mark for the first time on Thursday, December 5. The surge is fuelled by expectations of a more crypto-friendly regulatory environment under President-elect Donald Trump.
Trump embraced digital assets during his campaign, promising to make the US the “crypto capital of the planet” and to accumulate a national stockpile of Bitcoin.
Since Trump’s election victory on November 5, which also saw the election of pro-crypto lawmakers to Congress, Bitcoin has risen by about 50%. Over the past year, the token has seen a staggering 150% price increase.
“Key developments, including Elon Musk heading the newly established Department of Government Efficiency, plans for a dedicated White House crypto policy role, and Trump’s appointment of Paul Atkins as SEC Chair, have fuelled this remarkable rally,” said Edul Patel, Co-founder and CEO of Mudrex.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»Here's what analysts are saying:
Stock Trading
Heikin Ashi Trading Tactics: Master the Art of Trading
By — Dinesh Nagpal, Full Time
