Bitcoin Pumps to Fresh Record Above $97,500 as Crypto Outlook Brightens — TradingView News

On By Littum

Key Points:

  • Bitcoin prices hit new record
  • High demand on Trump’s prospects
  • Total market capitalization tops $3.2 trillion

Illustration of TradingView

Bullishness is in the air, lifting the largest token to record highs. Is $100,000 on the horizon?

  • Bitcoin prices BTCUSD jumped to a fresh record of $97,800 early Thursday morning, with investors kicking it up just after setting the now-old record from Wednesday. It’s been a wild ride for Bitcoin since November 5, when Donald Trump won the presidential election and sparked a wave of buying. Traders expect big things to come for the crypto industry now that the president-elect is getting ready to step into the White House.
  • Lower taxes on crypto companies and no capital gains tax on crypto trading in the US are just some of the measures expected to stimulate the industry. The potential creation of a Bitcoin strategic reserve for the US government is another big leap – it would mean that the US would never sell its Bitcoin and also buy up to 1 million tokens over five years. All the good is to keep the prices warm.
  • With its fresh pump, Bitcoin approaching the formidable market cap of $2 trillion. Earlier today, the token was at $1.95 trillion, giving it a 61% dominance ETHUSD jumped modestly to $3,120 and Solana SOL USD advanced 2% to $240, floating about $20 away from record highs.