Bitcoin nears record high of $90,000: Speculation on pro-crypto US regulatory shifts fuel surge
Bitcoin has reached a new high of $89,500, moving closer to the $90,000 milestone. This surge is attributed to speculation about potential pro-crypto regulatory changes in the United States. The cryptocurrency has seen an 8% rise in a day, following election results and news that Donald Trump might appoint crypto-friendly candidates to key regulatory roles.
Reports suggest that Trump is considering appointing pro-crypto figures like Mark Uyeda and Paul Atkins to replace current SEC Chairman Gary Gensler. This move is expected to reduce regulatory pressure on the industry. Edul Patel, CEO of Mudrex, pointed out that breaking the $89,500 resistance level was a significant achievement for Bitcoin, which has now stabilised at…
