Cryptocurrencies

Bitcoin Rises to Record After Longest Weekly Winning Run Since 2021

President-elect Trump’s crypto support underpins sentiment
Bitcoin accumulator MicroStrategy to join Nasdaq 100 Index

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By Suvashree Ghosh

December 15, 2024 at 11:49 PM UTC

Updated on

December 16, 2024 at 9:37 PM UTC

Bitcoin rose to a record high on President-elect Donald Trump’s support for digital assets and optimism about the upcoming inclusion of MicroStrategy Inc., an accumulator of the token, in a key US stock gauge.

The largest virtual currency rose more than 4.8% at one point on Monday to an unprecedented $107,791, exceeding its previous peak from Dec. 5. MicroStrategy announced Monday that it bought another $1.5 billion of Bitcoin in the past week.