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Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

Bitcoin hits record daily high topping $86,000

  • By Al Mayadeen English
  • Source: Agencies
  • 11 Nov 2024 23:15
3 Min Read

Bitcoin's value continues to climb following Donald Trump’s victory in the US presidential election, with the cryptocurrency seeing a nearly 9% increase on Wednesday alone.

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  •  Bitcoin hits record daily high topping $86,000
    An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong on February 17, 2022. (AP)

Bitcoin's price has surged by 8% and has reached a new daily high of $86,000, according to trade statistics released on Monday. As of 19:50 GMT, Bitcoin was trading at $86,300 on Binance, the largest cryptocurrency trading volume exchange, representing an 8.30% rise for the day. 

According to CoinMarketCap, which aggregates prices from more than 20 exchanges, Bitcoin's price increased by 8.42% in the previous 24 hours to an average of $86,477.

Bitcoin surged to a new record high on Sunday, as traders speculated that Donald Trump's return to the White House would benefit the cryptocurrency. The digital currency surpassed $80,000 for the first time in history just after 12:00 p.m. (1200 GMT).

Bitcoin's value continues to climb following Donald Trump’s victory in the US presidential election, with the cryptocurrency seeing a nearly 9% increase on Wednesday alone.

Bitcoin topped $75,000 on Wednesday, exceeding its previous all-time high of $73,797.98 set in March.

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Throughout his campaign, Trump promised to position the US as the "world capital of bitcoin and cryptocurrencies." In July, he highlighted cryptocurrency as pivotal to his vision of the country in the future during Saturday's Bitcoin Conference in Nashville.

The former president promised to ensure the government never sells its Bitcoin assets and establish a "strategic reserve" under his administration, predicting the digital currency could exceed gold's $16 trillion market capitalization. 

“For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin… This afternoon I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world, and we’ll get it done,” Trump said.

It is worth noting that Trump's campaign accepted donations in cryptocurrency.

This stood in stark contrast to his beliefs back in 2019, when he wrote on social media that Bitcoin's value is "based on thin air," and warned in 2021 that Crypto is a "disaster waiting to happen."

The United States currently holds approximately 212,000 Bitcoins, estimated to have a worth of around $15 billion, Forbes has lately reported, citing official data.

  • Bitcoin
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  • Donald Trump
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