Bitcoin surged above $97,000 on Thursday, setting new record highs and nearing the significant $100,000 milestone as optimism grew over Donald Trump's potential return to the White House, which could lead to a more favorable regulatory environment for cryptocurrencies in the U.S.
Bitcoin hits new all-time highs, nears $100,000
Throughout his campaign, Trump has been a vocal supporter of cryptocurrencies, pledging to make the U.S. the "crypto capital of the planet" and to build a national Bitcoin reserve. Following the election, U.S.-based Bitcoin ETFs saw over $4 billion in inflows.
Countries increase Bitcoin purchases
Additionally, Galaxy Digital Holdings CEO Mike Novogratz pointed out on X that countries are increasingly purchasing Bitcoin in large quantities, indicating a global shift toward broader adoption of the digital currency.
