Crypto rally: The price of a single bitcoin has hit a new record high of $98,367
Bitcoin has soared ever closer to $100,000 (£79,360).
Amid frenzied trading yesterday, a single bitcoin hit a new record above $99,000, taking gains since Donald Trump won the US presidential election to 45 per cent.
Bitcoin has been one of the big winners following his victory amid hopes that he will usher in crypto-friendly policies.
He has promised to make America ‘the crypto capital of the planet’.
Matt Britzman, analyst at Hargreaves Lansdown, said: ‘Just months ago, $100,000 seemed like a distant dream, but now it feels almost inevitable as optimism swells.
‘Trump’s anticipated return to the White House is fuelling hopes of a more crypto-friendly federal stance.’
Standard Chartered analysts believe bitcoin could hit $200,000 (£158,710) next year.
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