Bitcoin’s exchange rate surpassed $103,000 for the first time since the token’s creation, according to data from Coindesk. At its high in the last 24 hours, the cryptocurrency was trading at $103.7 thousand.
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At the time of this publication (8:08 Moscow time), the value of Bitcoin was 103.3 thousand dollars with a capitalization of 2 trillion dollars, in 24 hours it increased by 4.7%;
The price of the world’s most popular cryptocurrency began to rise from around $68,000 amid the US presidential election. After Donald Trump’s victory, the token began to grow rapidly, updating all-time highs almost daily. On November 22, the price of the coin exceeded 99.5 thousand dollars.
Bitcoin crossed the psychological $100,000 mark with the news that Trump announced his intention to appoint Paul Atkins as chairman of the US Securities and Exchange Commission (SEC). This position is currently held by Gary Gensler, known for his skepticism towards the crypto industry. On November 21, he announced that he would resign from the commission on January 20, 2025. Trump’s inauguration is scheduled for the same day.
The future president, speaking in July 2024 at the largest Bitcoin conference in the United States, promised to fire Gensler and turn the country into the “crypto capital of the world.” According to The Washington Post, Trump intends to appoint cryptocurrency supporters to key positions in US financial departments.
Author:
Timur Batyrov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
