Bitcoin surges above $106,000 on strategic reserve hopes
Bitcoin, the world's biggest and best known cryptocurrency, hit a high of $106,533 and last traded at $105,688. Smaller crypto ether rose nearly 3% to 4,014.
«We're in blue sky territory here,» said Tony Sycamore, an analyst at IG. «The next figure the market will be looking for is $110,000. The pullback that a lot of people were waiting for just didn't happen, because now we've got this news.»
«We're gonna do something great with crypto because we don't want China or anybody else — not just China but others are embracing it — and we want to be the head,» Trump told CNBC late last week.
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» When asked if he plans to build a crypto reserve similar to oil reserves, Trump said: «Yeah, I think so.»
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