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London Market Embraces Bitcoin, Reaching a Record Level of $97 Thousand, Rising Against Trump’s Policies | N18G

Bitcoin rose to a record high of $97,902 on November 21, 2024, driven by optimism surrounding a more crypto-friendly regulatory environment under President-elect Donald Trump. Investors predicted that Trump’s promise to support digital assets would lead to less restrictive regulations and trigger a resurgence in the cryptocurrency market. This rally was also fueled by news that Trump’s social media company Truth Social was in talks to acquire Bakkt, the crypto trading company backed by NYSE Intercontinental Exchange. As a result, Bitcoin’s value has more than doubled in 2024 and is approaching $100,000. The global cryptocurrency market has surpassed a $3 trillion valuation and some UK marketplace sellers are reporting increased sales from Bitcoin payments. Although Bitcoin’s volatility has limited its use as a primary payment method, its recent gains suggest Bitcoin may be on the verge of wider adoption. Pro-cryptocurrency lawmakers in the US Congress further support this trend.