Investing.com– Bitcoin rose on Thursday, remaining in sight of recent peaks as sentiment towards crypto markets was underpinned by expectations of friendlier regulations under Donald Trump.
Among meme tokens, Dogecoin extended gains and remained in sight of three-year peaks hit earlier this week. Social media buzz around Doge also rose after Trump announced the formation of the Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy.
rose 1.7% to $90,741.0 by 09:16 ET (14:16 GMT). The token hit a record high of $93,226.6 on Wednesday, but swiftly fell from the level.
Broader crypto prices also rose, and were undeterred by a rally in the dollar to one-year highs, after U.S. consumer inflation showed signs of stickiness in October.
Trump trade underpins Bitcoin
The world’s largest cryptocurrency remained underpinned by optimism over Trump’s…
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