Bitcoin Churns Near $96,000 as Crypto Awaits Trump’s Next Step – BNN Bloomberg
(Bloomberg) — Cryptocurrency speculators kept Bitcoin in sight of the landmark $100,000 level in anticipation of further steps to support the sector by US President-elect Donald Trump.
The largest digital asset traded at about $96,000 in early Asian trading on Wednesday, following a more than 40% advance since Trump’s Nov. 5 election victory. The Republican plans to undo a Biden administration crackdown on digital assets.
Crypto-friendly candidates are vying to head the Securities and Exchange Commission and the Commodity Futures Trading Commission. Trump’s transition team has also held discussions over whether to create the first White House post dedicated to digital-asset policy. On Wall Street, there are growing indications of…
