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Bitcoin Reclaims $96,000 Mark After Hitting Lowest Price Since November

The cryptocurrency’s recent gains follow institutional outflows in recent days and speculation about US interest rates remaining stable.

Bitcoin has reclaimed $96,000 after a rough start to the week. At time of publication, the leading cryptocurrency is trading at around $96,580, up 5.8% in the past 24 hours, according to CoinGecko data.

The sudden jump comes amid reports that President-elect Donald Trump is preparing to issue a pro-crypto executive order shortly after his inauguration. Sources told Decrypt earlier this week this could include a new crypto council consisting of 20 CEOs and industry leaders, as well as the abolition of SEC regulations that deter conventional banks from holding crypto.

Bitcoin Reclaims $96,000 Mark After Hitting Lowest Price Since November

The cryptocurrency’s recent gains follow institutional outflows in recent days and speculation about US interest rates remaining stable.

Bitcoin has reclaimed $96,000 after a rough start to the week. At time of publication, the leading cryptocurrency is trading at around $96,580, up 5.8% in the past 24 hours, according to CoinGecko data.

The sudden jump comes amid reports that President-elect Donald Trump is preparing to issue a pro-crypto executive order shortly after his inauguration. Sources told Decrypt earlier this week this could include a new crypto council consisting of 20 CEOs and industry leaders, as well as the abolition of SEC regulations that deter conventional banks from holding crypto.
https://decrypt.co/300844/bitcoin-reclaims-96000-mark-after-hitting-lowest-price-since-november