Bitcoin zooms past $84,000, likely to make higher highs
cryptocurrency, is expected to continue with investors betting on prices to cross $100,000 this year, riding the bullish momentum in the digital currency.
It was trading above the $84,500 mark at press time.
«We have seen Bitcoin surge to an all-time high following Trump's victory in the US election because he has consistently supported this asset class,'' said Edul Patel, CEO and co-founder of Mudrex, a global crypto investment platform.
Bitcoin prices have soared by around 127% in the past year from $36,000 levels. Dow Jones industrial Average index of the US and India's benchmark Nifty 50 have gone up 30.3% and 11.11%, respectively, during this period. The virtual currency was at $69,373.7 on the day of voting in the US, also the day before Trump claimed victory. It has surged about $14,600 since then.
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View Details»In his pre-election manifesto, Trump pledged to make the US „the crypto capital of the planet“. These remarks raised expectations that he would scrape the tighter regulations on cryptocurrencies introduced by the Joe Biden
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