Bitcoin crosses $89,000 as Trump vows to make US ‘crypto capital of the planet’
The US dollar traded close to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration.
The euro languished near an almost seven-month trough reached overnight, while the yuan wallowed close to a more than three-month low with Europe and China both particular targets of potential Trump tariffs.
The US dollar index, which measures the currency against six peers including the euro, rose 0.07% to 105.49 as of 0037 GMT, after reaching 105.70 on Monday for the first time since July 3.
Leading cryptocurrency bitcoin pushed to a new all-time high of $89,637 (Rs 7.44 lakh) on Tuesday. Trump has vowed to make…
