Bitcoin has returned to near historical highs, thanks to a series of recent events that highlight how the US, under the leadership of cryptocurrency 'cheerleader' Donald Trump, is more closely embracing the digital asset industry.
One of the latest developments is that Trump's Trump Media & Technology Group Corp. is in talks to acquire the digital asset trading platform Bakkt Holdings Inc. The stock prices of both companies soared in response.
Other events include Nasdaq planning to list options for the iShares Bitcoin Trust ETF as early as Tuesday, and Goldman Sachs attempting to spin off its digital asset platform, indicating that cryptocurrencies and their underlying blockchain technology are becoming more integrated into the financial system.
Bitcoin surged to $92,606 during the US session on Monday, while the London market reported $91,781 at 06:16 on Tuesday, about $1,681 lower than the record set last week. Since Trump won the election on November 5, the largest digital asset has increased by 37%; Trump's campaign agenda includes making the US the world capital of cryptocurrency.
Search
