Bitcoin Rises to Fresh Record Ahead of Trump Inauguration in US
- The price of Bitcoin surged to over $109,000 ahead of President-elect Donald Trump's inauguration, driven by expectations of his early actions in office.
- Trump has embraced digital currencies, launching a new cryptocurrency venture and promising to make the U.S. The 'crypto capital' of the world.
- Crypto advocates proposed a draft executive order for a 'strategic Bitcoin reserve' to be managed by the Treasury Department, aiming to stockpile at least $21 billion in Bitcoin.
- Senator Cynthia Lummis has introduced legislation to require the U.S. Government to stockpile Bitcoin, which advocates believe could diversify government holdings.
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Coverage Details
Total News Sources0
Leaning Left32Leaning Right33Center38Last UpdatedBias Distribution37% Center
Bias Distribution
- 37% of the sources are Center
37% Center
L 31%
C 37%
R 32%
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