Cryptocurrency breaking news: Bitcoin approaches $100,000 this Thursday (November 21, 2024). The cryptocurrency could surpass the mark for the first time in history. The cryptocurrency rose 39.35% in November and 131.68% in 2024. It has been gaining value since Donald Trump’s victory in the United States presidential election. The Republican Party candidate was elected on November 6. The day before, bitcoin was at US$69,373. It has risen 41.17% since that date.
According to Bloomberg, the president-elect is thinking of establishing a position specifically focused on cryptocurrency regulations. According to the news agency, Trump’s team is looking for candidates for the role. It would be the first position focused on the sector in the White House.
Investors believe this will be another step towards strengthening the world of crypto assets. Crypto agents have criticized Gary Gensler, the chairman of the United States Securities and Exchange Commission, and Trump plans to fire him. The US president-elect also promised to create a national strategic reserve of bitcoin.
The crypto market has more than 9,800 types of digital currencies. Currently, cryptocurrencies such as bitcoin, ethereum, and tether are accepted as payment in more than 32,600 businesses worldwide, according to CoinMap’s interactive map, accessed in October 2024. Bitcoin and other crypto assets have blockchain technology, which allows for greater security and transparency.
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