(Reuters) -Bitcoin surged to a record high above $105,000 in early Asian trade on Monday, extending gains made since Republican Donald Trump, who has promised to champion cryptocurrencies, was elected U.S. president in November.
Bitcoin hit a high of $105,142 and last traded at $104,666.
The price rose on news reports over the weekend that Trump would go ahead with a bitcoin strategic reserve fund, according to Tony Sycamore, an analyst at IG.
“We’re in blue sky territory here,” Sycamore said. “The next figure the market will be looking for is $110,000.”
(Reporting by Kevin Buckland in Tokyo and Lincoln Feast in Sydney; Editing by Lisa Shumaker)
Bitcoin powers above $105,000 for first time Canadian News Today.
Read More Details
Finally We wish PressBee provided you with enough information of ( Bitcoin powers above $105,000 for first time )
Also on site :
- Country 'MVP' Refunds Entire Audience Mid-Concert and Fans 'Cannot Believe He Did That'
- With Property Seized and Federal Funding Uncertain, Montana Asbestos Clinic Fights for Its Life
- Flamengo vs Chelsea Preview, prediction, lineups, betting tips & odds .. FIFA Club World Cup 2025