LONDON — Bitcoin struck a record high above $93,000 on Wednesday as the world's biggest cryptocurrency benefits from President-elect Donald Trump's pledge to ease regulation around digital tokens.
LONDON — Bitcoin struck a record high above $93,000 on Wednesday as the world's biggest cryptocurrency benefits from President-elect Donald Trump's pledge to ease regulation around digital tokens.The volatile asset has rocketed more than 30 percent in value since Trump won last week's US presidential election, smashing its record-high on several occasions and breaching $90,000 for the first time on Wednesday.
Trump on Tuesday announced that Musk, the world's richest man, will lead a new US government-efficiency group tasked with cutting federal waste.Musk became a key ally to Trump during his campaign, reportedly spending over $100 million to help him win and repeatedly boosting his candidacy on X, the social platform he owns.
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