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Bitcoin Sets Another Record as Bullish Bets Continue

Monday November 11, 2024. 05:01 PM , from Slashdot
Bitcoin Sets Another Record as Bullish Bets Continue
Cryptocurrency backers continue to bid up Bitcoin prices, pushing the digital token to a new high of about $84,000 on Monday. The New York Times: The cryptocurrency has surged since Election Day, on investor hopes that President-elect Donald J. Trump and his appointees would be friendlier to the industry after the Biden administration's aggressive enforcement of securities law that targeted several crypto companies.

Cryptocurrencies have become a major component of the so-called Trump trade. Bitcoin exchange-traded funds, which got the regulatory green light to trade this year, have been booming over the past week. Crypto-related companies have also jumped in value: Riot Platforms, a Bitcoin miner, is up 68 percent since Election Day and Coinbase, a crypto exchange, is up 69 percent over the same period.

Read more of this story at Slashdot.
https://slashdot.org/story/24/11/11/1545205/bitcoin-sets-another-record-as-bullish-bets-continue?utm...

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