Bitcoin Surges Past $100,000 Amid Pro-Crypto Regulatory Optimism

Business 5 December 2024 20:00

Bitcoin’s price surged past $100,000 late Wednesday for the first time in history, capping off a bull run that has propelled the cryptocurrency’s value by over 30% since the U.S. presidential election on November 5, CE Report quotes Anadolu Agency

The world’s leading cryptocurrency was trading at around $68,000 on the eve of Election Day, climbing to a then-record high of $75,000 the day after the election.

Donald Trump’s victory over Vice President Kamala Harris spurred investor confidence, pushing Bitcoin to unprecedented levels.

As of publication, Bitcoin was valued at $103,343.

During his campaign, Trump promised a pro-crypto regulatory stance, pledging to make the U.S. the “crypto capital of the world” and outlining plans to create a crypto advisory board at a summer conference.

Earlier Wednesday, Trump appointed crypto advocate Paul Atkins to lead the Securities and Exchange Commission, fueling optimism for a regulatory environment favorable to the cryptocurrency industry.

Tags

EU Backs Revised “Greece 2.0” Recovery Plan

2 July 20:17

The European Commission has endorsed Greece’s revised National Recovery and Resilience Plan, “Greece 2.0,” ensuring the country fully utilizes its allocation from the Recovery Fund without any reduction in funding.

Euronext Targets ATHEX Deal

2 July 08:00

Euronext has confirmed it is in talks with the board of Hellenic Exchanges-Athens Stock Exchange (ATHEX) about a possible acquisition of up to 100% of ATHEX shares.

One in Four Greeks Hide Savings from Partner

1 July 22:30

Over a quarter of Greeks have a hidden savings account their partner doesn't know about, according to a nationwide survey by the savings and investment app Plum.

Tahov: No Reason for Food Price Hikes

29 June 23:45

There are no economic or production reasons behind rising food prices in Bulgaria, Agriculture Minister Georgi Tahov told bTV on Sunday.

Bulgaria Joins Key Transport Corridors

28 June 23:55

Bulgaria’s Black Sea port of Burgas is set to become a key hub in the developing Three Seas Corridor, Deputy Transport and Communications Minister Dimitar Nedyalkov announced at the Balkan Business Forum in Bansko on Saturday.

Türkiye Highlights Development Road’s Economic Impact

27 June 18:18

President Recep Tayyip Erdogan said Friday that Türkiye aims to turn its geopolitical position into a regional economic advantage through the Development Road Project.

Tesla Sales Plunge in Europe

25 June 23:55

Tesla's vehicle sales in Europe dropped sharply by 40.5% year-on-year in May, according to data released Wednesday by the European Automobile Manufacturers' Association (ACEA).

Bitcoin Surges Past $100,000 Amid Pro-Crypto Regulatory Optimism

Tags

Related articles

Most read

Press Releases

Features