Bitcoin extended its streak of record highs after ticking above USD 99,000 for the first time overnight. The cryptocurrency has rocketed more than 40 per cent in just two weeks.
Now, bitcoin is at the doorstep of USD 100,000, just two years after dropping below USD 17,000 following the collapse of crypto exchange FTX. The dramatic rally arrives as industry players expect the incoming Trump administration to bring a more crypto-friendly approach toward regulating the digital currency.
Bitcoin was trading at USD 98,882 early Friday, according to CoinDesk.
As with everything in the volatile crypto markets, the future is impossible to know. And while some are bullish, other experts continue to warn of investment risks.
Here’s what you need to know.
Back up. What is cryptocurrency again?
Cryptocurrency has been around for a while now. But, chances are, you’ve heard about it more and more over the last few years.
In basic terms, cryptocurrency is digital money. This kind of currency i
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