The price of Bitcoin exceeded $102 thousand for the first time during trading. About this testify data from the Binance platform. In the morning, the cryptocurrency reached an all-time high of $103,000, but later its rate dropped to $102,000.
The increase in the value of Bitcoin is associated with the victory of Donald Trump in the presidential elections in the United States. During his campaign, Trump repeatedly declared his support for cryptocurrencies, promising to turn the US into the “crypto capital of the world” and create a national bitcoin reserve.
According to information, the team of the newly elected president is considering the possibility of introducing a position in the White House dedicated exclusively to issues of cryptocurrency policy. Since the last election, more than $4 billion has been invested in bitcoin exchange-traded funds in the US.
Particular attention was drawn to the statements of Elon Musk, who plans to cut hundreds of federal agencies in the United States. Musk, who led the structure for reducing budget expenses under the Trump administration, proposed to compile a list of the most ineffective expenses. He urged Americans to report important budget items that should not be cut.
