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Bitcoin Hits $100,000 for First Time on Optimism Over US Support

Tiger Newspress12-05

Bitcoin has risen to $100,000 for the first time, extending its year-to-date gain to 138%, amid optimism in the market that US President-elect Donald Trump’s administration will provide support to the digital-asset industry.

Trump has vowed to appoint crypto-friendly regulators and create a national strategic stockpile of Bitcoin. He is also considering creating the first-ever White House position related to the cryptocurrency market.

Crypto-related shares surged on the news. MicroStrategy, Bit Digital rose 10%; MARA Holdings rose nearly 7%; Riot Platforms, Coinbase, CleanSpark rose 5%.

Crypto-related ETFs also rose. ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETF, Grayscale Bitcoin Trust, iShares Bitcoin Trust rose over 4%.

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Comment1

  • $MicroStrategy(MSTR)$ Bullish $CME Bitcoin - main 2410(BTCmain)$ Bullish We are GOATing up to $500, Saylor is our King!! 🚀🚀🚀🚀🚀🚀🚀🚀🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑
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