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Bitcoin hits $100,000 for the first time after Trump announces his administration's cryptocurrency-friendly team.

Bitcoin hits $100,000 for the first time after Trump announces his administration's cryptocurrency-friendly team.

By م.زهير الشاعر

Published: December 5, 2024

In a historic event, the Bitcoin currency has surpassed the $100,000 barrier for the first time, after former American President Donald Trump announced the formation of a management team that adopts a supportive vision for cryptocurrencies.

Event Details:

• Trump announced the formation of a dedicated team to enhance the role of cryptocurrencies in the American economy, focusing on technological innovation and supportive market regulation.

• The team included prominent names from technology pioneers and blockchain experts, which boosted investor confidence.

Market Reactions:

• Digital markets witnessed a significant rise, with many alternative currencies achieving record gains.

• Analysts pointed out that this announcement represents a major turning point in the acceptance of cryptocurrencies within the global economy.

Expected Effects:

• This rise in the price of Bitcoin is expected to attract more traditional investors.

• Markets may face challenges in coping with potential fluctuations, with close monitoring by regulatory authorities.

This achievement is considered a milestone in the journey of cryptocurrencies, as the new prices reflect the increasing confidence in this sector.

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