Bitcoin value hits all-time high of $100,000, reports Binance platform data
The #Bitcoin reached a historic milestone early on Thursday, surpassing the psychologically important threshold of $100,000, according to Binance platform’s trading data. The threshold was crossed at 2:33 a.m. GMT as the crypto currency gained 4.49% during trading. As of 2: 42 a.m. GMT the Bitcoin accelerated its growth, trading at $101,000 (+5.63%).
According to analysts, there are several reasons behind the increase in cryptocurrency prices. The reasons particularly include US President-elect Donald #Trump’s ambitious plans to turn the United States into a global cryptocurrency hub and review the US Securities and Exchange Commission’s regulatory policies.
Another reason why cryptocurrencies attract investors is because Bitcoin and Stablecoin are seen as potential defensive assets during geopolitical crises.
The #Bitcoin reached a historic milestone early on Thursday, surpassing the psychologically important threshold of $100,000, according to Binance platform’s trading data. The threshold was crossed at 2:33 a.m. GMT as the crypto currency gained 4.49% during trading. As of 2: 42 a.m. GMT the Bitcoin accelerated its growth, trading at $101,000 (+5.63%).
According to analysts, there are several reasons behind the increase in cryptocurrency prices. The reasons particularly include US President-elect Donald #Trump’s ambitious plans to turn the United States into a global cryptocurrency hub and review the US Securities and Exchange Commission’s regulatory policies.
Another reason why cryptocurrencies attract investors is because Bitcoin and Stablecoin are seen as potential defensive assets during geopolitical crises.
Bitcoin value hits all-time high of $100,000, reports Binance platform data
The #Bitcoin reached a historic milestone early on Thursday, surpassing the psychologically important threshold of $100,000, according to Binance platform’s trading data. The threshold was crossed at 2:33 a.m. GMT as the crypto currency gained 4.49% during trading. As of 2: 42 a.m. GMT the Bitcoin accelerated its growth, trading at $101,000 (+5.63%).
According to analysts, there are several reasons behind the increase in cryptocurrency prices. The reasons particularly include US President-elect Donald #Trump’s ambitious plans to turn the United States into a global cryptocurrency hub and review the US Securities and Exchange Commission’s regulatory policies.
Another reason why cryptocurrencies attract investors is because Bitcoin and Stablecoin are seen as potential defensive assets during geopolitical crises.
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