Bitcoin soars 2.5% following Trump's new regulation

  24 January 2025    Read: 325
Bitcoin soars 2.5% following Trump

The price of Bitcoin soared by 2.5% on Friday after US President Donald Trump signed an executive order on cryptocurrency markets, AzVision.az reports, citing Anadolu Agency. 

The current price of Bitcoin is at around $104,736 as of 0645GMT, and its market cap increased to $2.07 trillion. 

Bitcoin's transaction volume in the last 24-hour period was around $100.44 billion.

This month, the price of Bitcoin saw the highest-ever value of around $109,000 due to Trump's inauguration.

Ethereum prices also rose by 4% to $3,381 over the same period.

These hikes came after Trump's new executive order which includes establishing regulations and technologies related to cryptocurrency and its advancement in the US.

Establishing a working group, named Working Group on Digital Asset Markets, to examine a national digital asset stockpile was also included in the order.

 

AzVision.az


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