Bitcoin hits record high nearing $100,000, driven by hopes of crypto-friendly Trump administration.

From Investing.com

November 22, 2024 5:08:08 pm:

Bitcoin hit a record high, nearing $100,000, driven by hopes of a crypto-friendly Trump administration. It has doubled in value this year and surged 45% since Trump’s election. Bitcoin is up 130% in 2021. Gary Gensler stepping down as SEC chair could ease scrutiny. Approval of bitcoin ETFs in January boosted market, attracting $4 billion in investments. U.S.-listed crypto stocks steadied as bitcoin price paused, but trading continued. Microstrategy closed 6.2% higher, a major holder of bitcoin.

Read more at Investing.com: Bitcoin at record highs, sets sights on $100,000 By Reuters