Penguins Add to Crypto Bull Run’s Holiday Spirit
By Jacob Joseph and Jamie Sly (All times ET unless indicated otherwise)
As the year winds down, the crypto market seems to be catching an early dose of holiday fervor. Bitcoin touched an all-time high just below $108,000 yesterday and is now holding steady around $107,000.
Bitcoin maxis have been in Christmas spirits ever since the U.S. elections in early November, with President-elect Donald Trump’s bullish overtures to the industry a sign of the growing institutional alignment with the digital asset market.
The president-elect seems to be teasing “more surprises,” fueling speculation of more favorable crypto policies after he pledged to create a strategic BTC reserve. The pledge earlier this month helped fuel bitcoin’s rally.
The…
