Investing.com– Bitcoin surged past the key $100,000 threshold on Friday, driven by growing optimism surrounding the upcoming inauguration of U.S. President-elect Donald Trump next week.
rose 3.4% to $102,430.0 by 09:10 ET (14:10 GMT).
Bitcoin above $100k on expectations of friendlier crypto policies under Trump
In the lead-up to President-elect Donald Trump’s inauguration on January 20, Bitcoin has experienced a significant surge, recently reaching a record high of $108,244.
This upward trajectory is largely attributed to the anticipation of crypto-friendly policies under the incoming administration.
Trump is preparing to sign an executive order making cryptocurrency a national policy priority and granting industry leaders a significant role in shaping regulations, Bloomberg reported on Friday citing sources.
Notably, the order may create a national…
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