Bitcoin breaks $96,000 for first time on optimism over Trump crypto plans
Bitcoin's march toward $100,000 made further ground on Thursday as investors bet a friendlier U.S. regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class.
Bitcoin prices topped $96,000 for the first time in Asia trade, touching a high just above $96,898.
The cryptocurrency's price has more than doubled 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.
«While it's now firmly into overbought territory, it is being drawn toward the $100k level,» said IG Markets analyst Tony Sycamore.
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View Details» 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.
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