Bitcoin crosses all-time high of $107,000 — what do experts say are the reasons?
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6 days, 10 hours ago

Bitcoin crosses all-time high of $107,000 — what do experts say are the reasons?

Live Mint  

The Donald Trump wave has kept Bitcoin soaring for another week after it notched a seven-week winning streak on December 15 — its longest such run since 2021, according to a Bloomberg report. The world's biggest cryptocurrency lifted by over 4.8 per cent late on December 16 to reach an impressive new all-time record high of $107,791, the report said. At the time of writing at 9.15 am on December 17, Bitcoin was trading at $106,913.89, up 2.20 per cent from the previous day. According to the report, in addition to the buoyancy from Trump's promises for a more pro-crypto government and statements that indicate a likely United States Bitcoin reserve, the inclusion of MicroStrategy Inc. in the Nasdaq 100 pushed the digital token.

History of this topic

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