Bitcoin prices approached the $100,000 mark for the first time on November 21, as Donald Trump's victory in the US presidential election fueled expectations that his administration would create a favorable regulatory environment for cryptocurrencies.
Bitcoin approaches $100,000 mark. Photo: REUTERS/TTXVN
The world's largest cryptocurrency was trading between $98,000 and $99,000 late on Friday in the United States, after hitting $99,073. Bitcoin has more than doubled in value this year and is up about 40% in the two weeks since Trump was elected, along with a host of pro-crypto lawmakers elected to Congress. Trump campaigned on digital assets, pledging to make the United States a "world cryptocurrency hub" and create a national bitcoin reserve. In September, Trump also announced a new cryptocurrency project called World Liberty Financial. While details about the project were scarce, investors saw his personal interest in the sector as a positive sign. Billionaire Elon Musk, a key Trump ally, is also a crypto supporter. Cryptocurrency-related stocks have also surged alongside bitcoin. Bitcoin mining company MARA Holdings rose nearly 6.85% to $24.18 on Nov. 21. The rally has not been without its critics, however. The industry was rocked two years ago by the scandal-plagued collapse of cryptocurrency exchange FTX and the incarceration of its founder, Sam Bankman-Fried. The cryptocurrency industry has also been criticized for its energy consumption, with mining operations under scrutiny for their potential impact on the power grid and greenhouse gas emissions. Cryptocurrency crime also remains a concern. An analysis by cryptocurrency researchers Chainalysis found that at least $24.2 billion worth of cryptocurrency was sent to illicit wallet addresses last year, including addresses identified as sanctioned or linked to terrorist financing and fraud. A wallet address is a unique identifier that allows sending and receiving cryptocurrency. Each cryptocurrency has a different wallet address format and it is important to use the correct address for the desired cryptocurrency. Source: https://baotintuc.vn/the-gioi/bitcoin-tien-sat-moc-100000-usd-nho-ky-vong-ve-chinh-sach-cua-my-20241122103747243.htm
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