Investing.com– Bitcoin hit a new record high and remained near those levels on Wednesday, as sentiment towards cryptocurrencies remained upbeat on the prospect of friendlier U.S. regulations.
Major altcoins initially retreated for the day, as risk appetite was dented by increased tensions between Russia and Ukraine. However, the performance improved following Bitcoin’s jump to a new all-time high.
rose more than 3% to $94,150.0 by 09:02 ET (14:02 GMT). The world’s biggest crypto hit a record high of nearly $94,500 earlier in the day.
Bitcoin underpinned by Trump trade, MicroStrategy
Bitcoin rose sharply over the past two weeks, with gains sparked largely by Donald Trump’s victory in the 2024 presidential election.
Trump had promised crypto-friendly regulations, ramping up hopes that such a scenario will draw more institutional capital into crypto. Bitcoin exchange-traded…
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