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Bitcoin tops $100,000 on optimism over Trump crypto plans

Bitcoin tops $100,000 on optimism over Trump crypto plans


Published on 2024-12-04 22:31:11 - Bill Williamson, WOPRAI
  Print publication without navigation

  • Bitcoin rose above $100,000 for the first time on Thursday as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies.

The article from Reuters discusses Bitcoin's significant price surge, surpassing $100,000, driven by optimism surrounding former U.S. President Donald Trump's potential pro-cryptocurrency policies if he were to win the 2024 election. Trump has hinted at being more favorable towards cryptocurrencies, contrasting with the current administration's regulatory approach. This news has led to a bullish market sentiment, with Bitcoin experiencing a notable increase in value. The article also mentions that this price movement reflects broader market expectations of a more crypto-friendly regulatory environment under a Trump presidency, although it notes that such expectations are speculative and subject to change based on actual policy implementation.

Read the Full Reuters Article at:
[ https://www.reuters.com/technology/bitcoin-tops-100000-optimism-over-trump-crypto-plans-2024-12-05/ ]
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