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The Guardian - US
The Guardian - US
Technology
Guardian staff

Bitcoin price tops $100,000 for first time as Trump win fuels crypto fever

Bitcoin logos on orange shirt
Trump, who himself once branded Bitcoin a ‘scam’, reversed his position during his latest bid for the presidency. Photograph: Marco Bello/Reuters

Bitcoin has crossed $100,000 for the first time, scaling a fresh record high amid a euphoric rally sparked by Donald Trump’s election victory.

The world’s largest and most valuable cryptocurrency – prone to volatile market surges and routs – has been lifted in recent weeks by hopes that the president-elect’s return to the White House will usher in a new era of lighter regulation and supportive policies.

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