Bitcoin Hits $95,000, Crypto Sector Pushes for New White House Post

Nov 21, 2024, 05:11 AM

Bitcoin has reached a historic milestone, surpassing $95,000 for the first time. This surge in value is attributed to the digital-asset sector's efforts to influence policy under President-elect Donald Trump, who has shown support for cryptocurrencies. Investors are betting on a friendlier U.S. regulatory approach to cryptocurrencies, which could unleash a boom era for the asset class. The sector is pushing for a new White House post dedicated to cryptocurrency policy, aiming to cement its influence with Trump.