- Title: FILE: Bitcoin powers above $105,000 for the first time
- Date: 13th May 2022
- Summary: Bitcoin rose above $100,000 for the first time on December 5 as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies. SINGAPORE (DECEMBER 5, 2024) (REUTERS) PERSON LOOKING AT BINANCE WEBSITE SHOWING GRAPH OF BITCOIN PRICE GRAPH SHOWING BITCOIN PRICE MOVEMENT BINANCE WEBSITE WITH CURSOR HIGHLIGHTING BITCOIN PRICE
- Embargoed: 27th May 2022 14:32
- Keywords: Binance Bitcoin Bitkub ETF El Salvador FILE SEC Securities and Exchange Commission crypto cryptocurrency market
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- Country: Various
- Topics: Economic Events
- Reuters ID: LVA00C781413052022RP1
- Aspect Ratio: 16:9
- Story Text:Bitcoin surged more than 3% to a record high above $105,000 in early Asian trade on Monday, extending gains made since Republican Donald Trump, who has promised to champion cryptocurrencies, was elected U.S. president in November
Bitcoin hit a high of $105,142 and last traded up 3.3% at $104,760.
Bitcoin rose above $100,000 for the first time on December 5 as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies.
Bitcoin has more than doubled in value this year and is up about 45% in the four weeks since Trump's sweeping election victory, which also saw a slew of pro-crypto lawmakers being elected to Congress.
More than 16 years after its creation, bitcoin appears on the cusp of mainstream acceptance, despite naysayers and a history of controversies.
Trump embraced digital assets during his campaign, promising to make the United States the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin.
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