Bitcoin Hits Record High, Nearing $100K -- Market Talk

Dow Jones11-22

0922 GMT - Bitcoin rises to another record high as it nears the key $100,000 level on bets U.S. President-elect Donald Trump will deliver more crypto-friendly regulation. "We have refrained to talking about cryptocurrencies given their volatile nature," Jefferies economist Mohit Kumar says in a note. "But given our thesis that sectors benefiting from deregulation should be the outperformers in the coming months, we expect cryptocurrencies to continue to perform." The positive momentum in cryptocurrencies should continue, he says. Bitcoin rises to a high of $99,525, according to LSEG. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

November 22, 2024 04:22 ET (09:22 GMT)

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