Bitcoin approached the $90,000 mark in early trading in Asia on Tuesday, propelled by a “Trump effect”. The first digital currency by capitalization peaked at $89,599 around 12:20 a.m., before falling to $89,200 around 2:30 a.m.
Cryptocurrencies continue to soar with the planned return to the White House of Donald Trump, winner of the American presidential election who promises to deregulate this sector, going against the trend of the more restrictive approach favored by the current president Joe Biden.
“Trump’s pro-cryptocurrency stance and bold promise to make the United States the ‘bitcoin and cryptocurrency capital of the world’ have injected new fuel into the digital currency frenzy,” said Stephen Innes of SPI Asset Management.
On the foreign exchange market, the dollar increased by 0.1% against the Japanese currency, to 153.90 yen per dollar. It was stable against the common European currency, at 1.0654 dollars per euro.
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