• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Tuesday, July 29, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home Business

Bitcoin Sustains Strong Rally, Nears $100,000

Ojimaojo Abubakar by Ojimaojo Abubakar
November 21, 2024
in Business
0
Bitcoin Sustains Strong Rally, Nears $100,000
0
SHARES
3
VIEWS
FacebookTwitterWhatsappEmailTelegram

Bitcoin, the world’s biggest cryptocurrency by market cap, on Thursday, surged to $97,000 – making it just $3,000 away from reaching a record $100,000 in price.

The leading cryptocurrency gained 4.77 percent over the past 24 hours and settled at $97,532, according to CoinMarketCap, a price-tracking website for crypto assets.

RelatedPosts

Aliko Dangote Retires as Chairman of Dangote Cement

JUST IN: CBN Maintains Interest Rate at 27.5% Amid Inflation Concerns

NNPC Declares N905bn Profit for June, Remits N6.96tn in 5 Months

TheCable observed that Bitcoin crossed $97,000 at 6:00 am (GMT+1) on Thursday.

CoinMarketCap data showed that the cryptocurrency market capitalisation also increased to $3.32 trillion – gaining $259.5 billion within 24 hours.

A breakdown of the market cap showed Bitcoin dominating at 58.1 percent.

On the other hand, Ethereum, trading at $3,131 (the second largest cryptocurrency), owns 11.3 percent of the market– leaving other coins with the remaining 30.6 percent.

The rise of Bitcoin price started on November 6 when Donald Trump, a Republican Party candidate, won the US presidential election. The digital asset reached $75,000 on that day.

On November 10, the cryptocurrency crossed $80,000 and reached $89,000 two days after.

On November 13, the digital currency surged past $92,000 and has remained high since then.

In May 2024, the Trump campaign announced that supporters can make donations in crypto, including bitcoin, ether, and dogecoin — indicating crypto will be a key issue during the election.

In October, the US president began promoting World Liberty Financial, a crypto venture set up by his longtime business partners and others, according to Financial Times.

ALSO READ:  Enhancing Nigeria's Economic Stability: A Closer Look At Policy Tightening And Naira Valuation

World Liberty began selling its token to qualified investors to raise $300 million.

Tags: BitcoinCryptocurrency
Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

Related Posts

Dangote Urges Nigeria to Halt Medical Tourism and Boost Local Drug Production

Aliko Dangote Retires as Chairman of Dangote Cement

by Nathaniel Irobi
July 26, 2025
0

Nigerian businessman and Group President & Chief Executive of Dangote Industries Limited, Aliko Dangote, has retired as chairman of the...

CBN offers $876m to fx markets, pledges more liquidity support

JUST IN: CBN Maintains Interest Rate at 27.5% Amid Inflation Concerns

by Nathaniel Irobi
July 22, 2025
0

The Central Bank of Nigeria (CBN) has opted to keep the Monetary Policy Rate unchanged at 27.5%, as announced by...

NNPCL Records N5.89 trillion Revenue

NNPC Declares N905bn Profit for June, Remits N6.96tn in 5 Months

by Nathaniel Irobi
July 22, 2025
0

NNPC declares N905bn profit for June, remits N6.96tn in 5 months The Nigerian National Petroleum Company Limited (NNPC Ltd.) says...

Recommended

Reps Propose Bill Banning Public Servants, Families from Private Hospitals, Schools

Reps Propose Bill Banning Public Servants, Families from Private Hospitals, Schools

6 days ago
Nigeria Deploying AI, Other Technologies to Monitor Food Production – Shettima

Nigeria Deploying AI, Other Technologies to Monitor Food Production – Shettima

1 day ago

Popular News

  • Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    0 shares
    Share 0 Tweet 0
  • Cross River State Triumphs at Prestigious All-women Interstate Debate

    0 shares
    Share 0 Tweet 0
  • Haske: The Rise Of A New Movement

    0 shares
    Share 0 Tweet 0
  • Intrigues and Political Uncertainty over 2027 APC Governorship Candidate for Taraba 

    0 shares
    Share 0 Tweet 0
  • Zock Distributes 12 Trucks Of Fertiliser, Includes PDP, LP Members, Others

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (749)
  • Education (220)
  • Entertainment (311)
  • Health (198)
  • National (2,240)
  • News (8,338)
  • Opinion (309)
  • Politics (1,650)
  • Science (15)
  • Security (406)
  • Sports (449)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform