Bitcoin Nears $100,000 as Regulatory Hopes Fuel Crypto Surge
SINGAPORE/LONDON, Nov 21 – Bitcoin’s price is approaching $100,000, reaching over $98,000 on Thursday, driven by growing optimism that the U.S. government will adopt more favorable regulations under President-elect Donald Trump.
The cryptocurrency has surged more than double its value this year, with a 40% increase in the past two weeks. Investors are hopeful that new pro-crypto lawmakers will support the digital asset, boosting its mainstream appeal.
Despite its volatility, Bitcoin’s recent rise shows its potential for continued growth as expectations for better regulation in the U.S. continue to rise.
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