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Why bitcoin is booming
The price of bitcoin surged past $100,000 for the first time on Thursday, continuing a post-election run buoyed by the pro-crypto promise of the incoming Trump administration. On Election Day, bitcoin — one of the most popular decentralized digital assets available — was worth $69,374, according to the cryptocurrency trading platform Coinbase. Within a month, it had spiked more than 44 percent. Other cryptocurrencies like ethereum and XRP also shot up during that period. Cryptocurrencies’ sudden increase in value is a sign of investor optimism about President-elect Donald Trump’s policies and those of his ... (full story)
