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Bitcoin tipped to hit $US100,000 as euphoria floods crypto

Alex Gluyas
Alex GluyasMarkets reporter

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Cryptocurrency markets are positioning for a momentous shift in sentiment towards digital assets under returning US president Donald Trump, which bullish pundits predict could send bitcoin rocketing above $US100,000.

The largest cryptocurrency jumped more than 9 per cent overnight and briefly broke through $US76,000 for the first time after the Republican’s landslide win over Kamala Harris. The gains add to bitcoin’s more than 80 per cent advance this year.

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Alex Gluyas is a markets reporter based in our Melbourne newsroom. Connect with Alex on Twitter. Email Alex at alex.gluyas@afr.com

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