Bitcoin hits record high near $94,000 as Trump team considers creating crypto policy role

From Investing.com: 2024-11-20 14:06:27

Bitcoin reached a new record high on Wednesday, staying near $93,730, with a peak of $94,836.1. President-elect Trump’s team is considering creating a White House role dedicated to cryptocurrency policy, boosting Bitcoin sentiment. MicroStrategy bought a record $4.6 billion in Bitcoin, planning more purchases.

The launch of options trading for BlackRock’s iShares Bitcoin Trust ETF drove Bitcoin to all-time highs, generating $1.9 billion in notional exposure on its first day. Altcoins had mixed performance, with Ethereum down 1.3% and Binance Coin up over 6%. Meme token Dogecoin fell 10% but remained popular after Trump’s victory.



Read more at Investing.com: hits record high as Trump team mulling plans for crypto czar By Investing.com