Cryptocurrency exchange platforms such as Coinbase or Binance

Bitcoin Nears $100,000, Hits $99,000 with 40% Increase Amid Trump’s Crypto Plans

Nov 23, 2024, 10:00 PM

Bitcoin has surged to unprecedented levels, nearing the $100,000 mark, driven by optimism surrounding Donald Trump's recent election victory and his plans to establish a strategic Bitcoin reserve by February 2025. The cryptocurrency reached an all-time high of $99,000, marking a nearly 40% increase since Trump's election earlier this month. Industry analysts note that this surge is distinct from previous cryptocurrency hypes, with significant impact spreading across Asia. Trump's pro-crypto stance and the perception of Bitcoin as a risk-averse asset akin to gold have contributed to its rapid appreciation.