Bitcoin Prices Stand Near $88,000 as Volatile Week Nears End -- WSJ

Dow Jones11-15 23:27

By Vicky Ge Huang

Bitcoin held broadly steady Friday, after a volatile stretch in which the digital currency set a series of new highs.

The largest cryptocurrency by market value recently traded at about $87,892, up less than 0.4% from its late-Thursday level, according to CoinDesk data.

Crypto-related stocks, such as exchange Coinbase Global and bitcoin-buying software-intelligence company MicroStrategy, were muted.

Traders are betting on a wave of deregulation and crypto-friendly policies after Donald Trump reclaimed the White House last week. Dozens of Congressional candidates supported by crypto super PACs have won their races, further fueling bitcoin's momentum.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

November 15, 2024 10:27 ET (15:27 GMT)

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