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Bitcoin Tops $106,000 First Time Ever

© AP Photo / Kin CheungFILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, on Feb. 17, 2022. Bitcoin slumped to a two-year low, Wednesday, Nov. 9, and other digital assets sold off following the sudden collapse of crypto exchange FTX Trading, which has been forced to sell itself to larger rival Binance.
FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, on Feb. 17, 2022. Bitcoin slumped to a two-year low, Wednesday, Nov. 9, and other digital assets sold off following the sudden collapse of crypto exchange FTX Trading, which has been forced to sell itself to larger rival Binance. - Sputnik International, 1920, 16.12.2024
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MOSCOW (Sputnik) - The price of bitcoin has reached a new record high, exceeding $106,000, according to trading data.
On Binance, the largest cryptocurrency exchange by trading volume, bitcoin was trading up 5% at $106,362, as of 00:42 GMT.
According to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, the price of bitcoin grew by 4.34% to $105,808.
This Wednesday, April 3, 2019, file photo shows a box filled with dollar bills, in New York. - Sputnik International, 1920, 12.11.2024
Analysis
Analyst Warns Dollar at Risk as Bitcoin Hits All-Time High With Trump’s Support
Bitcoin began to rise in price on news of Donald Trump's victory in the US presidential election in early November.
It has gone up more than 52% from about $67,000 to over $106,000 since November 5.
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