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Bitcoin is crossing the $1,000 mark at a staggering speed and is now nearing $90,000. Just a week ago, the price of Bitcoin was $67,568. Other digital currencies have also risen along with Bitcoin.
Trump has promised to stop selling the confiscated bitcoins and keep them as strategic reserves. He also plans to remove Garry Gensler as chairman of the Securities and Exchange Commission and implement policies to support the digital currency industry. Despite this widespread growth, analysts believe that the total value of the digital currency market has not yet reached its all-time high and we will probably see a new record in the next two weeks.
How do you evaluate the market trend?