Bitcoin has continued its rapid rise in the past few weeks, driven by hopes that Trump will create a more favorable regulatory environment for cryptocurrencies.
And it touched Bitcoin An unprecedented high level today, Thursday, recording $97,902, prompted by a report stating that a company… Trump Social Media is in talks to buy cryptocurrency trading company Bakkt.
In the latest trading, Bitcoin rose 3.8 percent to $98,050.
Price movements
Index rose US dollar By 0.1 percent to 106.72 points, approaching its highest level in a year against a basket of currencies, which it recorded last week at 107.07.
The euro fell 0.2 percent to $1.0518.
The single European currency was affected by the rise in the dollar after the US elections.
A poll conducted by Reuters showed that most economists expect it to be cut US Federal Reserve Board interest rates at its meeting in December, provided that it approves smaller cuts in 2025 compared to expectations issued a month ago due to the risk of rising inflation as a result of Trump’s policies.
The dollar has increased by more than two percent since Trump won a batch of bets that his policies will stoke inflation and limit the next steps of the US Central Bank to reduce interest rates.
With the escalation of geopolitical tension, the yen outperformed the dollar, which fell in recent trading by 0.5 percent to 154.585 yen.
Governor said Bank of Japan Kazuo Ueda said Thursday that the central bank will take exchange rate movements into account as it prepares its forecasts for the economy and prices.
