Bitcoin, the world's most popular cryptocurrency, hit a record high ahead of President-elect Donald Trump's inauguration, while the US dollar fell.
Bitcoin price peaked at $109,241, up 4% before adjusting to $107,765 at 7:40 a.m. (2:40 p.m. January 20, Vietnam time). In early December 2024, this digital currency also surpassed the $100,000 mark for the first time, attracting great attention from investors.
During his presidential campaign, Donald Trump promised to build a cryptocurrency-friendly government, pledging to turn the US into the “ cryptocurrency capital of the planet”. and create a “ strategic national Bitcoin reserve”.
Notably, Mr. Donald Trump also launched his own digital currency called $TRUMP. This event caused a stir in the market, helping the market capitalization of this currency reach billions of dollars.
US President-elect Was Skeptical About Cryptocurrencies, But Finally Expressed Interest in Creating a ‘ Strategic Reserve’ Bitcoin follows the model of gold and oil.
Elsewhere, the dollar, which has strengthened against other currencies in recent months, fell 0.3%, while the pound and euro both rose 0.4% against the greenback.
In the stock market, Asian stocks rose higher than the previous days. Specifically, Japan's Nikkei company increased by 1.17% and Hong Kong's Hang Seng company (China) increased by 1.8%.
Bitcoin is a digital asset that is used by hundreds of millions of people but remains scarce. This means that as it becomes more widely adopted, the purchasing power of each Bitcoin unit will increase.
However, Bitcoin has been criticized for being used for payments on many anonymous dark web platforms or being used in ransomware attacks and money laundering.
Source: https://baolangson.vn/bitcoin-lap-ky-luc-moi-usd-di-xuong-truoc-le-nham-chuc-cua-ong-trump-5035900.html
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