Reported 19 days ago
Bitcoin surged to a new record high, exceeding $75,000, driven by investor speculation that former President Donald Trump's election victory would favor cryptocurrencies. Other cryptocurrencies like ether and dogecoin also experienced significant gains. Trump's previously skeptical stance on crypto shifted as he adopted a pro-crypto agenda, promising to support the industry and ease regulations. The crypto market anticipates further increases, with some predicting Bitcoin may soon surpass $100,000, though experts advise caution due to inherent volatility.
Source: YAHOO