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#btc #bitcoin #loganpaul

Bitcoin rose to a fresh record high just shy of $95,000 after a report that Donald Trump's social media company was in talks to buy crypto trading firm Bakkt (BKKT.N), opens new tab boosted expectations of a crypto-friendly regime under his incoming administration.

Bitcoin , the world's biggest and best-known cryptocurrency, has more than doubled this year. It was last at $93,709, up 1.6%, after hitting an all-time peak of $94,982.37.

The Financial Times said Trump Media and Technology Group (DJT.O), opens new tab, which operates Truth Social, is close to an all-stock acquisition of Bakkt, which is backed by NYSE-owner Intercontinental Exchange (ICE.N), opens new tab.

Bitcoin has soared more than 40% since the Nov. 5 U.S. presidential election, as traders bet that Trump's stated commitment to support cryptocurrencies would lead to a less restrictive regulatory environment, lifting the sector overall.

"The rise of bitcoin over the past 15 years is due to an innovation that cannot be recreated: decentralized electronic cash," wrote Nikhil Bhatia, founder of The Bitcoin layer, a research provider analyzing bitcoin through a global macroeconomic lens, in emailed comments.

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Something Strange

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article links:

https://www.reuters.com/markets/asia/global-markets-view-asia-graphic-2024-11-20/

https://www.reuters.com/technology/bitcoin-breaches-94000-first-time-2024-11-20/

https://coingape.com/trending/genz-rugs-quant-for-30k-profit-but-community-revenge-propels-token-by-71000/

https://www.dexerto.com/youtube/logan-paul-trolls-bbc-with-lookalike-at-interview-over-crypto-scam-allegations-2985026/

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