The price of Bitcoin once again updated the record, exceeding $108 thousand. At its highest in the last 24 hours, it was trading at $108.13 thousand, according to data from Coingecko. Since the beginning of the year, the price of the most popular cryptocurrency has more than doubled.
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At the time of this publication (18:45 Moscow time), Bitcoin was worth 106.4 thousand dollars, an increase of 0.1% in the last 24 hours.
The price of Bitcoin has increased for the seventh consecutive week, the cryptocurrency is supported by the statements of US President-elect Donald Trump, Bloomberg writes.
Previously, Trump promised that his administration would “do something great with cryptocurrencies” to ensure that the United States does not fall behind China and other major players in this industry. He also admitted that a “strategic bitcoin reserve” would appear in the country, similar to strategic fuel reserves.
Investor optimism is also growing amid news about MicroStrategy, the world’s largest bitcoin holder among companies. Earlier it became known that the developer, which owns 439 thousand coins with a total value of 45.6 billion dollars, will be included in the Nasdaq-100 index, which tracks the shares of the 100 largest companies by capitalization.
A week ago, the price of Bitcoin fell below $95,000 following the news that Microsoft decided not to follow MicroStrategy’s lead and invest in cryptocurrencies. However, since then, the cryptocurrency has overcome the pullback and plunged towards the $110,000 mark, said IG Australia analyst Tony Sycamore.
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.
