{"id":585,"date":"2024-11-21T05:01:16","date_gmt":"2024-11-21T05:01:16","guid":{"rendered":"https:\/\/kilobytespot.com\/?p=585"},"modified":"2024-11-21T05:01:16","modified_gmt":"2024-11-21T05:01:16","slug":"bitcoin-nears-100000","status":"publish","type":"post","link":"https:\/\/kilobytespot.com.ng\/?p=585","title":{"rendered":"Bitcoin Nears $100,000"},"content":{"rendered":"\n<p><em>&#8230;.Bitcoin Nears $100,000 as Investors Eye Pro-Crypto U.S. Policies<\/em><\/p>\n\n\n\n<p>Bitcoin surged closer to the $100,000 milestone on Thursday, buoyed by investor optimism over a potentially crypto-friendly regulatory environment under President-elect Donald Trump.<\/p>\n\n\n\n<p>In Asian trading, Bitcoin hit a record high of $96,898, marking a significant rise from its previous levels. The cryptocurrency has more than doubled in value this year and climbed nearly 40% in the two weeks following Trump\u2019s election and the victory of several pro-crypto lawmakers in Congress.<\/p>\n\n\n\n<p>\u201cWhile it&#8217;s now firmly into overbought territory, it is being drawn toward the $100k level,\u201d said Tony Sycamore, an analyst at IG Markets.<\/p>\n\n\n\n<p>Trump\u2019s campaign rhetoric included strong support for digital assets, with promises to position the United States as the &#8220;crypto capital of the planet&#8221; and to establish a national Bitcoin reserve.<\/p>\n\n\n\n<p>Since the election, U.S.-listed Bitcoin exchange-traded funds (ETFs) have seen over $4 billion in inflows. Options trading for BlackRock\u2019s Bitcoin ETF (IBIT.O) also made a strong debut, with call options (bets on price increases) outpacing puts.<\/p>\n\n\n\n<p>Crypto-related stocks have mirrored Bitcoin&#8217;s rise. Shares of Bitcoin miner MARA Holdings (MARA.O) surged nearly 14% overnight, while MicroStrategy (MSTR.O), a software company known for its heavy Bitcoin investments, climbed 10%, pushing its market valuation beyond $100 billion.<\/p>\n\n\n\n<p>\u201cMany are wondering if this administration will bring the regulatory clarity the crypto community has been waiting for. It&#8217;s likely too soon to say,\u201d said Will Peck, head of digital assets at WisdomTree.<\/p>\n\n\n\n<p>Peck added that the enthusiasm around Bitcoin\u2019s rally bodes well not just for the cryptocurrency but also for the broader blockchain ecosystem.<\/p>\n\n\n\n<p>As Bitcoin approaches $100,000, the crypto market is abuzz with speculation about the potential for a new boom era under the forthcoming administration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230;.Bitcoin Nears $100,000 as Investors Eye Pro-Crypto U.S. Policies Bitcoin surged closer to the $100,000 milestone on Thursday, buoyed by investor optimism over a potentially crypto-friendly regulatory environment under President-elect Donald Trump. In Asian trading, Bitcoin hit a record high of $96,898, marking a significant rise from its previous levels. The cryptocurrency has more than [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23,18],"tags":[],"class_list":["post-585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-news","category-technology"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/kilobytespot.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kilobytespot.com.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kilobytespot.com.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kilobytespot.com.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kilobytespot.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=585"}],"version-history":[{"count":1,"href":"https:\/\/kilobytespot.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/585\/revisions"}],"predecessor-version":[{"id":587,"href":"https:\/\/kilobytespot.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/585\/revisions\/587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kilobytespot.com.ng\/index.php?rest_route=\/wp\/v2\/media\/586"}],"wp:attachment":[{"href":"https:\/\/kilobytespot.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kilobytespot.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kilobytespot.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}