Bitcoin has yet again broken its previous all-time highs and is less than $3,000 away from $100,000, marking a significant spike in the digital currency's 24-hour rally amid news that U.S. President-elect Donald Trump is considering the first-of-its-kind crypto-focused position in the White House.
Bitcoin price Surged again on Thursday, continuing its relentless rally and coming closer to the key $100,000 level as news emerged that the Donald Trump team is discussing the creation of a crypto-focused position in the White House.
Bitcoin price soared to a new all-time high on Thursday, continuing its impressive rally and coming closer to the key $100,000 level. The surge was fueled by news that the Donald Trump team is discussing the creation of a crypto-focused position in the White House.
According to CoinGecko, Bitcoin price rose by 6% over the past 24 hours, reaching highs of $97,800 on Thursday. However, BTC price later corrected slightly and was trading around the $97,000 level as of early Thursday.
The surge in Bitcoin price comes amid a broader rally in the crypto market, with most of the top 10 cryptocurrencies showing gains over the past 24 hours. XRP price rose by 4%, while Cardano (ADA) price surged by nearly 39% over the past seven days.
Despite the impressive rally, Bitcoin price is still facing resistance at key levels. However, the creation of a crypto-focused position in the White House could signal a more positive stance toward cryptocurrencies by the new administration.
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