Bitcoin hits all-time high
For the first time in its history, Bitcoin has surpassed the $120,000 level.
The cryptocurrency Bitcoin has set a new record by surpassing the $120,000 level for the first time in its history. This rise gained momentum following Donald Trump's election as president of the United States for a second term.
During Trump's previous presidential term, uncertainty regarding policies toward cryptocurrency markets had caused fluctuations in Bitcoin's price. Having hovered around $100,000 for several months, Bitcoin has continued to gain value recently alongside the rise of other risky assets such as stocks.
While optimism regarding the Trump administration's crypto-friendly policies has waned, the general upward trend in the markets has contributed to Bitcoin reaching this new peak.
News Source: 12punto
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