Currency Bitcoin reaches new record highs
Following the US presidential election, Bitcoin is experiencing a remarkable price increase, fueled by political expectations.
12.11.2024, 05:25
SDA
Bitcoin passed the 80,000 dollar mark at the weekend and is continuing its upward trend. On Tuesday night, the oldest and best-known cryptocurrency temporarily reached a value of over 89,000 dollars. Since the election a week ago, the Bitcoin price has risen by around 30 percent.
During his election campaign, US President-elect Donald Trump courted the cryptocurrency community and held out the prospect of easing the strict US regulations. These announcements have fueled expectations of a positive development for cryptocurrencies after Trump's inauguration on January 20. One of the proposed measures is the introduction of a strategic Bitcoin reserve for the US.
The prospect of such policy changes has further boosted the Bitcoin price as investors hope for an easing of regulations that could stimulate the digital currency market.
