Bitcoin Jumps Above $99,000
Bitcoin has returned to levels above $99,000, with the continuation of the rises that lead the world's most famous cryptocurrency to levels of $100,000, which analysts expected to reach before the end of the year.
The largest cryptocurrency had crossed the $99,000 barrier for the first time on Thursday.
According to data from the CoinMarketCap platform, the percentage of Bitcoin's rise during the last week's transactions reached about 10.2%, and the market value of the currency reached about $1 trillion and 942 billion.
This significant rise in the cryptocurrency is driven by expectations of a more friendly regulatory environment under the administration of US President-elect Donald Trump.
Bitcoin on the threshold of $100,000!
Its value has doubled this year, and achieved an increase of about 45% in the two weeks, since Trump's landslide victory in the elections, which also witnessed the election of a large number of lawmakers supporting cryptocurrencies in Congress, according to Reuters.
The cryptocurrency rose more than 1% on Friday to $99,380, on track for its best monthly performance since February.
The surge has made bitcoin a major beneficiary of the so-called “Trump trade,” assets seen as profitable or influenced by Trump’s policies.
