LONDON (Reuters) – touched a contemporary file excessive on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a extra pleasant regulatory surroundings below a Donald Trump administration.
It has greater than doubled in worth this 12 months and is up about 45% within the two weeks since Trump’s sweeping election victory, which has additionally seen a slew of pro-crypto lawmakers being elected to Congress.
The crypto forex was final up simply over 1% on the day at $99,380, and is on observe for its greatest month-to-month efficiency since February.
Its surge has made bitcoin one of many stand out winners of so-called “Trump trades” – property which can be seen as successful or dropping from Trump’s insurance policies.
