Bitcoin Soars Amid Trump Election Speculation
Bitcoin has reached a new high, soaring to $75,060 in Asia trade. Investors speculate that a Donald Trump presidential win could lead to lenient cryptocurrency regulation, contributing to Bitcoin's surge. This marks a significant rise from its previous peak in March.
- Country:
- Singapore
Bitcoin has surged to an unprecedented high in Asian trading, reaching $75,060. The substantial rise of 7% from its previous peak in March marks a pivotal moment for the cryptocurrency market.
Investors are attributing this spike to the possibility of Donald Trump winning the U.S. presidency, anticipating a more lenient regulatory approach towards the digital currency.
The potential shift in U.S. policy is seen as a favorable condition for the growth and acceptance of cryptocurrencies, influencing investor sentiment and driving up Bitcoin's value.
(With inputs from agencies.)
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