Bitcoin jumps to new record high of more than $106,000

Published On Dec 15, 2024, 9:36 PM

Bitcoin has reached a new peak of over $106,000, marking a significant increase of more than 50% since Donald Trump's election victory. This surge is attributed to expectations that the Trump administration will adopt a more favorable stance towards cryptocurrencies. Trump has suggested plans to create a national stockpile of digital currency and is appointing individuals supportive of cryptocurrency to key positions, which is driving optimism in the market.