Bitcoin gets a boost from growing US embrace


Rising acceptance: A bitcoin ATM outside a cryptocurrency exchange in Hong Kong. Trump has vowed to create a supportive US regulatory framework for digital assets. — AFP

New York: Bitcoin is back in the vicinity of an all-time peak, supported by a salvo of developments highlighting the deepening embrace of the digital-asset industry in the United States under crypto cheerleader Donald Trump.

At the top of the tape was the revelation that the President-elect’s Trump Media & Technology Group Corp is in talks to buy digital-asset marketplace Bakkt Holdings Inc, which sparked a surge in the shares of both companies.

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