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Bitcoin hits record high, lifts crypto market above pandemic peak
The Straits Times
|November 13, 2024
Bitcoin's record-breaking rally took the digital asset past US$89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.
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The largest token has jumped about 30 per cent since the US election on Nov 5 and reached an all-time high of US$89,599 in early Asian trading on Nov 12.
Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress to push through his agenda. Other pledges include setting up a strategic US Bitcoin stockpile and boosting domestic mining of the token.
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