Investing.com– Bitcoin extended its rally for a third straight session on Thursday, hovering near the critical $100,000 level buoyed by broad market optimism after softer U.S. inflation data.
rose 2.5% to $99,478.4 by 01:12 ET (06:12 GMT).
The token has rebounded sharply this week, rising to a session high of $100,499.8 on Wednesday, but gave away some of the gains later in the day.
Bitcoin returns near $100k ahead of Trump’s inauguration
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’s campaign promises, including the potential creation of a strategic national Bitcoin reserve and the appointment…
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