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Bitcoin beats regulatory hurdles, hits $100K level
The New Indian Express Tadepalligudem
|December 06, 2024
DESPITE regulatory uncertainties around the globe, Bitcoin prices on Thursday breached the psychologically important level of $100,000, surging nearly 133% over the last one year.
The rise in cryptocurrency was hastened by the victory of Donald Trump in the US presidential election.
Bitcoin prices have risen by over 50% since the US presidential Election Day (5 November 2024) in anticipation that the Trump administration will ease regulatory hurdles and create a more favourable environment for digital assets. The market cap of Bitcoin is now a massive $2 trillion.
The rise in Bitcoin prices beyond $100,000 mark is a testament to the resilience and adoption of Bitcoin, says Sumit Gupta, co-founder, CoinDCX.
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