Bitcoin All-Time High: There is a huge stir in the cryptocurrency market today and Bitcoin has reached its all-time high level. On Wednesday, November 20, Bitcoin reached $94,000 per coin. Behind this, once again there are signals coming from America’s newly elected President Donald Trump. It is being told that Donald Trump’s media company is considering buying crypto firm Bakkt.
Bitcoin rate crosses 94 thousand dollars for the first time
The rates of Bitcoin have crossed 94 thousand dollars for the first time and on the basis of this the market value of the total market of cryptocurrency has crossed 3 trillion dollars. The wide business possibilities for cryptocurrency in America and the future support from Trump’s administration are also considered to be the major reasons for this.
News of Trump’s media company buying cryptocurrency firm
Recently, news has come that the social media company of America’s next President Trump is soon discussing to buy crypto trading firm Bact. On November 20, Reuters reported that during the second term of Donald Trump, there will be a cooperative attitude towards cryptocurrencies from the White House or the US administration across the country.
Why is the price of Bitcoin rising?
On the basis of this news, a good environment seems to be being created for the cryptocurrency market and the leading crypto Bitcoin. Bact, which is primarily backed by Intercontinental Exchange, the owner of the New York Stock Exchange, is getting strong support in the Bitcoin ETF space.
Bitcoin rates will more than double in 2024
So far in the year 2024, the rate of number one Bitcoin in the world of cryptocurrency has seen a more than double jump. Its previous day’s trade was at $92,104, which has come down to $94,078 i.e. $94,078 per token in the Asian opening trade on November 20.
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