The price of cryptocurrency Bitcoin continued its ascent towards the $100,000 mark on Thursday, as investors anticipate a more favorable regulatory approach to cryptocurrencies under the new US presidential administration.
According to Reuters, today the price of Bitcoin surpassed $96,000 for the first time during Asian trading, reaching a peak just above $96,898.
Hetmancev responded on when to expect the legalization of cryptocurrencyThe legalization of cryptocurrency in Ukraine may occur in the first half of next year, according to forecasts from the Rada.The value of the cryptocurrency has more than doubled this year and has risen approximately 40% over the past two weeks since Donald Trump won the presidential election in the US, with many pro-cryptocurrency lawmakers elected to Congress.
“While it is currently firmly in overbought territory, it is approaching the $100,000 level,” said IG Markets analyst Tony Sycamore.
“Many are wondering if this administration will bring the regulatory clarity that the crypto community has been waiting for. It may still be too early to say. We view all this excitement as optimistic not only for Bitcoin or cryptocurrencies in general, but for the entire blockchain-based ecosystem,” said Will Peck, head of digital assets at WisdomTree.
As a reminder, analysts predict that the price of Bitcoin will exceed $100,000 by the end of the year.
“Slovo i Delo” reported on how global markets reacted to Trump’s return to the White House.