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Filename: drivers/Session_files_driver.php

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News Swiftly

Bitcoin jumps to new record high of more than $106,000

Bitcoin hits new record high of more than $106,000

The world's largest cryptocurrency has risen by more than 50% since Trump's election victory

Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency's price rise by more than 50% since Donald Trump's victory in the 5 November election.

The world's largest cryptocurrency briefly passed $106,000 (?83,890) and was trading at more than $105,000 in Asia trade on Monday morning.

The incoming Trump administration is seen as being far more friendly towards cryptocurrencies than the Biden White House.

On Thursday, the US president-elect reiterated that he is considering creating a national stockpile of the digital currency, similar to the country's strategic oil reserve.