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Dollar buffered by Trump policy expectations; bitcoin surges - REUTERWS

NOVEMBER 21, 2024

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  • Bitcoin speeds toward $100,000
  • Yen gains after BOJ's Ueda says will scrutinise data up till Dec meeting

LONDON, Nov 21 (Reuters) - The dollar steadied on Thursday as traders awaited more clarity on U.S. President-elect Donald Trump's proposed policies amid an uncertain outlook for interest rates, while bitcoin forged towards $100,000 for the first time.

Bitcoin has been on a blistering rally in the past few weeks on speculation that Trump will create an easier regulatory environment for cryptocurrencies.
It hit a record high of $97,902 on Thursday, underpinned by a report Trump's social media company was in talks to buy crypto trading firm Bakkt (BKKT.N)

It was last up 2.75% at $97,070.

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