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Al Jazeera
Al Jazeera
Business

Bitcoin nears $100,000 as investors bet on crypto-friendly Trump policies

Donald Trump Bitcoin Crypto Gary Gensler SEC
An employee watches an electronic signboard displaying the prices of Bitcoin and other cryptocurrencies at the lounge of Bithumb cryptocurrency exchange in Seoul, South Korea, on November 21, 2024 [Ahn Young-joon/AP Photo]

Bitcoin is nearing the $100,000 mark as crypto enthusiasts bet that United States President-elect Donald Trump will usher in a more welcoming regulatory environment for digital assets.

The world’s most popular digital currency rose as high as $99,073 on Thursday, extending its surge since Trump’s re-election on November 5.

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