Bitcoin prices shoot above $97,000 to bring $1 lakh milestone in sight
Bitcoin reached a new record high on Thursday, surpassing $97,000 for the first time, fueled by growing expectations that US president-elect Donald Trump will push forward measures to ease regulation of cryptocurrencies.
At 10:35 AM IST, Bitcoin's price hit $97,532, with analysts predicting that the $100,000 milestone could soon be within reach.
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 US president and a slew of pro-crypto lawmakers were elected to Congress.
«Bitcoin has seen remarkable growth, crossing $97,000 and nearing the crucial $100,000 threshold, which would push its market value beyond $2 trillion. This surge, driven by the Republican victory in the US elections, has seen BTC rise nearly 40% in just two weeks,» said Shivam Thakral, CEO of BuyUcoin.
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View Details»Balaji Srihari, Business Head at CoinSwitch, added, «Since the US election, Bitcoin has been consistently hitting new records, supported by expectations of a more favorable regulatory
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