Information related to Mr. Trump makes Bitcoin increase "dizzily", should we follow the cryptocurrency fever?

Bitcoin has hit a record high above $92,000, following reports that Donald Trump's social media company is in talks to buy cryptocurrency exchange Bakkt.

News of a Trump-related deal has sent Bitcoin to a record high. (Source: Cryptoslate)

The deal raises expectations of a crypto-friendly regulatory regime during Trump’s second term as US President.

Bitcoin - the world's largest and most popular cryptocurrency - has doubled in value this year.

This morning (November 20 - Asian time), the price of bitcoin stood at 92,104 USD.

Trump Media and Technology is close to completing a deal to acquire all of Bakkt's shares, two sources said.

News of the Trump deal has helped push Bitcoin to record highs, said Tony Sycamore, a market analyst at brokerage firm IG.

Traders also took advantage of the first day of trading of options related to BlackRock's Bitcoin ETF on the Nasdaq, a key event that could impact the value of Bitcoin.

The cryptocurrency market has seen a boom since the US presidential election on November 5.

Traders believe that US President-elect Trump will support digital assets, leading to a less restrictive regulatory regime and a revival for Bitcoin after a few months of price decline.

The growing excitement has pushed the global cryptocurrency market value to a record high of more than $3 trillion, according to data from data aggregation and analytics platform CoinGecko.

“Buying activity is driving Bitcoin and a fresh rally will attract more investors who like to buy strong assets,” said Chris Weston, head of research at online brokerage Pepperstone.

Many predict Bitcoin will reach $100,000/BTC. However, some experts warn investors not to get caught up in the cryptocurrency craze.

Source: https://baoquocte.vn/thong-tin-lien-quan-den-ong-trump-keo-bitcoin-tang-chong-mat-co-nen-cuon-theo-con-sot-tien-dien-tu-294394.html