Bitcoin inches closer to hitting record value of $100K per unit

The price of one of the most popular cryptocurrencies on the market, Bitcoin, is on the verge of reaching a new all-time high. The value per unit of the cryptocurrency is nearing $100,000, marking a significant milestone in its history. Since Donald Trump was elected president of the United States, the value of cryptocurrencies has been steadily increasing, partly due to his support for this ecosystem.

Currently, the value stands at $99,029, but the trend has been consistently upward, reaching new record values. Since Trump’s election, the value of cryptocurrencies has increased by almost 60%, supported in part by his endorsement of the sector.

Yesterday, rumors even suggested that the White House might create rules focused on cryptocurrencies, potentially further boosting their everyday use. It’s worth noting that during his first term, Trump considered cryptocurrencies a “scheme.” However, his stance has changed in recent months, as he even accepted campaign donations in cryptocurrencies.

All these Trump-related developments, his election as US president, and other external factors are now contributing to the widespread price increases of Bitcoin. At the same time, other cryptocurrencies are following the same upward trend.

However, as always, it’s important to remember that the cryptocurrency market is highly speculative and can change rapidly overnight. This reinforces the idea that caution is necessary when investing.