The value of the cryptocurrency Bitcoin rose to $106,449 (~RM475,188) early this morning, which is once again the highest in history. However, at the time of writing, it fell back to around $104,615 (~RM467,000), which is still higher than the $97,000 recorded last Monday.
The value of Bitcoin rose sharply after Donald Trump's victory last month after floating around $76,000 for a long time. The crypto-friendly policies that Trump will implement when he becomes President of the United States have become a catalyst for the increase in the price of not only Bitcoin but also other cryptocurrencies.
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BUSINESS & MONEY