US President-elect Donald Trump is set to unveil his crypto support plans after taking office, sending cryptocurrency prices soaring near the $100,000 mark. Bitcoin traded at approximately $97,000, up 40% since Trump’s election on November 5. The Republican president-elect aims to undo Biden administration regulations that targeted digital assets. His next step will have a significant impact on the crypto sector and investors are watching closely.
Source: https://www.bloomberg.com/news/articles/2024-12-04/bitcoin-btc-churns-near-96-000-as-crypto-awaits-trump-s-next-step