1 week ago
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Cryptocurrency boosters are expecting the president-elect’s economic team to be crypto-friendly
The price of bitcoin scaled a fresh all-time high on Wednesday, soaring above $93,000 as cryptocurrency investors continued to cheer the election victory of Donald Trump.
Dogecoin, a meme coin previously backed by Elon Musk, has risen as much as 150% in value since election day. It continued to rise after the president-elected announced that Musk and Vivek Ramaswamy would lead the so-called Department of Government Efficiency (Doge), a new outside advisory group.
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