In this article COINBTC.CM= Follow your favorite stocks CREATE FREE ACCOUNTDado Ruvic | ReutersBitcoin was trading just shy of $90,000 Monday night after breaching $80,000 just a day earlier.
Its price is expected by many investors to continue making fresh records on its way up to $100,000 later this year.
"Strong positive sentiment is likely to persist through the balance of 2024 and [we] see bitcoin prices potentially reaching the six-figure mark by the end of this year."
Stock Chart Icon Stock chart icon Bitcoin is closing in on the $90,000 for the first time everCrypto investors have been cheering President-elect Donald Trump's promises to make the regulatory environment more supportive and even friendly toward crypto businesses, which have long struggled with a lack of clarity of the rules of the road.
"We're now in a positive regulatory environment, we now have tailwinds from that, and that comes in the case of a market that was already in a bull market … that's going to push us higher."
Persons:
Dado Ruvic, Reuters Bitcoin, cryptocurrency, Trump, Mike Colonnese, Wainwright, Donald Trump's, bitcoin, That's, Matt Hougan, We're
Organizations:
Reuters, Metrics, H.C, Bitwise Asset Management, CNBC
Locations:
Washington