Pre-Trump Cheer Lifts Bitcoin Price Above $100,000
The cryptocurrency market is buzzing with excitement as the price of bitcoin surged past $100,000 once again. According to Arkansas Online, this rise comes amid expectations that President-elect Donald Trump will take significant steps to bolster the crypto industry upon taking office next week. Trump's previous skepticism towards digital currencies has transformed into a fervent embrace, promising regulatory changes and even appointing a "crypto czar" for his administration.
This optimism among investors follows heavy financial backing from wealthy crypto players who supported Trump's election campaign. The anticipation of favorable regulations under Trump's leadership has already seen bitcoin's value increase significantly since November's election victory. As reported by CoinDesk on Friday, bitcoin rose about 5% to approximately $104,000.
'Crypto Capital of the Planet': What Will Trump Mean for Budding Industry?
Spectrum News NY1 reports an air of optimism within the cryptocurrency sector as Donald Trump prepares to assume presidency duties. His pro-cryptocurrency stance during his campaign attracted substantial support from influential figures in the industry like Elon Musk and venture capitalist David Sacks. These individuals are expected to play pivotal roles in shaping future policies.
Trump’s nomination of Paul Atkins as SEC Chair signals potential deregulation efforts aimed at fostering innovation within the space—a stark contrast to Gary Gensler’s aggressive enforcement actions against crypto companies during Biden’s tenure. With hopes high for reduced regulation and increased experimentation over the coming years, many believe these developments could cement the U.S.'s position as a global leader in cryptocurrencies.
Bitcoin & MicroStrategy Jump on Crypto Optimism Under Trump
A report from Yahoo Finance highlights how both Bitcoin and MicroStrategy have experienced notable gains due largely to positive investor sentiment regarding incoming policy shifts anticipated under President-elect Donald Trump's administration—despite lacking specific details thus far surrounding any executive orders or advisory councils related directly to advancing blockchain technologies domestically across America itself.
Bitcoin Rallies on Reports of Trump’s Executive Crypto Push
An article published by Colitco outlines recent movements observed throughout broader markets following speculation around possible forthcoming announcements concerning new initiatives spearheaded personally through proposed legislation, potentially impacting the entire ecosystem positively moving forward.
Sources:
- Pre-Trump cheer lifts Bitcoin price above $100,000
- 'Crypto capital of the planet': What will Trump mean for budding industry?
- Bitcoin & MicroStrategy jump on crypto optimism under Trump
- Bitcoin Rallies on Reports of Trump’s Executive Crypto Push
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