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Cryptocurrencies Bitcoin scratches the 100,000 dollar mark

SDA

22.11.2024 - 08:25

When will Bitcoin make the leap over the 100,000 dollar mark? (symbolic image)
When will Bitcoin make the leap over the 100,000 dollar mark? (symbolic image)
Keystone

Bitcoin is only just below the psychologically important USD 100,000 mark. The surge since the election of Donald Trump is thus continuing.

22.11.2024, 08:25

On Friday night, Bitcoin rose to almost 99,400 dollars on the Bitstamp trading platform, marking a new record high. It is currently fluctuating around the 99,000 dollar mark. However, it seems quite possible that the world's oldest cryptocurrency could soon break through the 100,000 dollar barrier.

Since the election of Donald Trump as the new US president, Bitcoin has been soaring. Within two weeks, it has gained around 40 percent in value. Other cryptocurrencies have also risen in its wake, in some cases significantly.

Trump is seen as crypto-friendly and the industry expects deregulation to boost growth. Trump wants to create a post for digital assets and he himself is also active in the industry with his company Trump Media & Technology Group.

SDA

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