Bitcoin prices have been on the rise this 12 months and the cryptocurrency has reached the mark of $100,000 worth level for the primary time on Wednesday.
The cryptocurrency’s worth has jumped greater than 5% within the final 24 hours. The most recent rally started with the election of Donald Trump as president, as he promised a extra crypto-friendly regime than present president Joe Biden. Below Biden, the Securities and Trade Fee has taken legal action towards crypto exchanges like Coinbase, claiming that some crypto tokens offered by way of the platforms had been truly unregistered securities. The crypto business donated $245 million through the election cycle, according to CNBC.
Reuters reported that due to Trump’s pro-crypto stance small companies are shifting some of their investments from cash to crypto.
Bitcoin’s worth has jumped about 50% since election day, and is greater than 100% for the 12 months total.
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