Bitcoin approaches $100,000, gold price hits 2-week high

ANTD.VN - Bitcoin surged after the chairman of the US Securities and Exchange Commission - who spearheaded efforts to regulate the cryptocurrency industry - resigned on Thursday.

During the trading session on November 21 (last night Vietnam time), Bitcoin set a new record high when it surpassed 99,120 USD. At 10:00 am Vietnam time, this currency was still anchored at a high of around 98,535 USD.

Cryptocurrencies surged after news broke that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler announced he will step down on January 20, 2025.

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Over the years, Mr. Gensler has been at the forefront of the agency’s efforts to regulate the cryptocurrency industry. He has created dissent with the broader crypto community, especially after the agency announced enforcement actions against major companies in the industry, including Coinbase, Binance and Kraken.

The announcement of his resignation comes after President-elect Donald Trump pledged to fire Gensler if elected. Cryptocurrency loyalists were excited by the news, hoping that Trump would consider creating a new White House position dedicated to cryptocurrency policy.

Along with cryptocurrencies, gold prices also continued to consolidate their recovery momentum, a rare "companionship" development because normally, these two assets have an inverse correlation. Currently, the international spot gold price is trading around $2,688/ounce, the highest level in the past 2 weeks.

Higher demand for safe havens due to escalating geopolitical tensions between Russia and Ukraine has caused money to continue flowing into gold.

Domestically, SJC gold continued to increase by 300 thousand VND/tael this morning, to 84.50 - 86.50 million VND/tael.

Gold rings have increased from 200 - 400 thousand VND/tael. Accordingly, SJC 999.9 rings are traded at 84.50 - 86.00 million VND/tael. Bao Tin Minh Chau round rings are 85.08 - 86.30 million VND/tael; Phu Quy round rings are 84.70 - 86.20 million VND/tael; DOJI rings are 85.00 - 86.00 million VND/tael...

Source: https://www.anninhthudo.vn/bitcoin-tien-sat-100000-usd-gia-vang-len-muc-cao-nhat-2-tuan-post596235.antd