Trump’s Pro-Crypto Stance Fuels Bitcoin Rally
Speculation over a favorable crypto agenda under Trump has pushed Bitcoin to historic highs, with six figures now in sight.
Introduction
Bitcoin is nearing an unprecedented milestone, closing in on the $100,000 mark. The cryptocurrency’s price surged past $98,000 on Thursday, buoyed by growing optimism over President-elect Donald Trump’s apparent support for the digital asset market. This move has stirred excitement among investors and analysts, who view Trump’s pro-crypto stance as a potential catalyst for regulatory and market growth.
At its peak during Thursday’s trading, Bitcoin touched $98,414.61, up more than 3% to settle near $97,900. According to David Rozman, an expert from Zachs Invest, the rally reflects heightened expectations that a Trump presidency will usher in a more crypt...