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@kfm Thu, 05 Dec 2024 07:35:35

Bitcoin storms above $100,000 as Trump 2.0 fuels crypto euphoria

BY REUTERS Bitcoin catapulted above $100,000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly U.S. administration to cement the place of cryptocurrencies in financial markets. Once it broke $100,000 in Thursday’s Asian morning, boosted by U.S. President-elect Trump’s nomination of pro-crypto Paul Atkins to run the Securities and Exchange Commission, it was soon at an all-time high of $103,619. It was last fetching $102,675, up about 5% on the day BTC=. The total value of the cryptocurrency market has almost doubled over the year so far to hit a record over $3.8 trillion, according to data provider CoinGecko. By comparison, Apple AAPL.O alone is […] The post Bitcoin storms above $100,000 as Trump 2.0 fuels crypto euphoria first appeared on 93.3 KFM.

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