#Bitcoin Strong Again! Anticipation of Friendly Regulation from Trump Administration?
Bitcoin rallied on Thursday, continuing its overnight rebound amid growing confidence that the incoming Trump administration will bring more friendly regulation to the crypto industry.
The overnight rally pushed Bitcoin back closer to the coveted $100,000 level, after the cryptocurrency failed to break through last week. At the time, Bitcoin fell sharply as traders locked in their newly acquired profits, though the cryptocurrency is still trading up more than 100% so far in 2024.
Bitcoin was up 3.1% at $95,645.0 as of 12:31 a.m. ET (05:31 GMT).
