{"id":266445,"date":"2024-12-16T16:58:27","date_gmt":"2024-12-16T16:58:27","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/12\/16\/bitcoin-hits-new-record-high-of-more-than-106000\/"},"modified":"2024-12-16T16:58:27","modified_gmt":"2024-12-16T16:58:27","slug":"bitcoin-hits-new-record-high-of-more-than-106000","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/12\/16\/bitcoin-hits-new-record-high-of-more-than-106000\/","title":{"rendered":"Bitcoin hits new record high of more than $106,000"},"content":{"rendered":"

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\"Bitcoin Bitcoin hits a new record-high<\/span><\/span><\/p>\n<\/div>\n

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Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency\u2019s price rise by more than 50% since Donald Trump\u2019s victory in the 5 November election.<\/p>\n

The world\u2019s largest cryptocurrency briefly passed $106,000 (\u00a383,890), before falling back to around $105,000 in Asia trade on Monday.<\/p>\n

The incoming Trump administration is seen as being far more friendly towards cryptocurrencies than the Biden White House.<\/p>\n

On Thursday, the US president-elect reiterated that he is considering creating a national stockpile of the digital currency, similar to the country\u2019s strategic oil reserve.<\/p>\n

\u201cThe Bitcoin rally since the election has been parabolic and the FOMO \u2013 or fear of missing out \u2013 rally is gathering momentum,\u201d Peter McGuire from trading platform XM.com told the BBC.<\/p>\n

\u201cMany investors believe $120,000 is achievable by the end of the year and then in 2025 there\u2019s talk of greater than $150,000 by mid-year\u201d.<\/p>\n

Earlier this month, Trump named Silicon Valley entrepreneur David Sacks as his artificial intelligence (AI) and cryptocurrency tsar.<\/p>\n

Mr Sacks is a former PayPal executive and a close friend of Trump adviser and mega-donor Elon Musk.<\/p>\n

Trump has also said he would nominate pro-cryptocurrency Washington attorney Paul Atkins as the new head of the Wall Street regulator, the Securities and Exchange Commission (SEC).<\/p>\n

Last month, the SEC\u2019s current head, Gary Gensler, said he would resign from the role on the day of Trump\u2019s inauguration, on 20 January next year.<\/p>\n

\u201cI thank President Biden for entrusting me with this incredible responsibility. The SEC has met our mission and enforced the law without fear or favour,\u201d Mr Gensler wrote on the social media platform X.<\/p>\n

Trump had previously revealed plans to sack Mr Gensler on \u201cday one\u201d of his new administration after the SEC chairman took legal action against cryptocurrency firms, sparking controversy in some quarters.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin hits a new record-high Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency\u2019s price rise by more than 50% since Donald Trump\u2019s victory in the 5 November election. The world\u2019s largest cryptocurrency briefly passed $106,000 (\u00a383,890), before falling back to around $105,000 in Asia trade on Monday. […]<\/p>\n","protected":false},"author":1,"featured_media":266446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-266445","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nBitcoin hits new record high of more than $106,000 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/12\/16\/bitcoin-hits-new-record-high-of-more-than-106000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin hits new record high of more than $106,000 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Bitcoin hits a new record-high Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency\u2019s price rise by more than 50% since Donald Trump\u2019s victory in the 5 November election. 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