Bitcoin powers above US$106,000 for first time on US strategic reserve hopes
The Straits Times|December 17, 2024
Bitcoin surged to a record high above US$106,000 on Dec 16, after US President-elect Donald Trump suggested he plans to create a US Bitcoin strategic reserve similar to its strategic oil reserve.

Bitcoin, the world's biggest and best known cryptocurrency, hit a high of US$106,533 and last traded up 3.2 per cent to US$104,462.

Smaller crypto Ether rose 1.5 per cent to US$3,965.

"We're in blue sky territory here," said Mr Tony Sycamore, an analyst at IG. "The next figure the market will be looking for is US$110,000.

The pullback that a lot of people were waiting for just didn't happen, because now we've got this news." "We're gonna do something great with crypto because we don't want China or anybody else - not just China but others are embracing it and we want to be the head," Trump told CNBC late last week.

هذه القصة مأخوذة من طبعة December 17, 2024 من The Straits Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 17, 2024 من The Straits Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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The Straits Times

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The Straits Times

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