30s Summary
Bitcoin neared a record $100,000 due to increased investor interest following Donald Trump’s election win. Trump’s social media company is also entering the crypto world with a trademark for cryptocurrency trading software and digital wallet services. Additionally, anticipations are rising for Bitcoin exceeding the $100,000 mark. Moreover, the company seems to be developing a crypto trading and payment service, dubbed “TruthFi.” Attitudes towards crypto regulations are changing in the US and UK. Finally, AI and big data tokens have seen a 131.4% surge since June 8, boosted by Bitcoin’s bull run.
Full Article
Hey there, Bitcoin made a record-breaking move last month, getting super close to the $100,000 mark! This was all thanks to a boost in investor interest after Donald Trump’s win in the US presidential election on November 5.
What’s more, it looks like Trump’s social media company is also diving into the crypto game – they’ve filed for a trademark for software for cryptocurrency trading and digital wallet services.
Now for some numbers – Bitcoin’s price jumped over 40.8% in November and busted through $99,000, setting a new record for the biggest monthly increase yet.
And if Trump’s win wasn’t exciting enough, his victory also set off a new wave of investor interest in Bitcoin. More people than ever are betting that Bitcoin will break the $100,000 mark.
In another piece of news, Trump’s social media company seems to be cooking up a cryptocurrency trading and payment service, according to a new trademark filing for “TruthFi.”
Last but not least, the US and UK seem to be updating their attitudes toward crypto regulations. A US CFTC Commissioner has urged for crypto policy reforms and the UK is expected to release a comprehensive crypto regulation framework by early 2025.
To conclude, artificial intelligence and big data tokens have surged by 131.4% since their lowest point this year on June 8, riding on the coattails of Bitcoin’s bull run.
That’s all for now. Until next time, keep track of your coins and stay savvy!