(Reuters) – Bitcoin hit a document excessive above $105,000 in early Asian buying and selling on Monday, extending positive factors made since Republican Donald Trump, who promised to champion cryptocurrencies, was elected president United States in November.
reached a excessive of $105,142 and final traded at $104,666.
The value rose following stories over the weekend that Trump would set up a strategic Bitcoin reserve fund, in keeping with Tony Sycamore, an analyst at IG.
“We’re in blue sky territory right here,” Sycamore mentioned. “The following quantity the market will search for is $110,000.”
