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Stock impact report

Bitcoin jumps above $98,000 as investors bet on Trump's 'pro-crypto attitude' [Yahoo! Finance Canada]

Trump Media & Technology Group Corp. (DJT) 
Bitcoin ( BTC-USD ) jumped to a record high Thursday morning, trading just north of $98,000 before paring gains as investors remain bullish on pro-crypto policies from an incoming Donald Trump administration. The token has soared roughly 40% since the presidential election on Nov. 5, hitting multiple milestones as investors eye targets of $100,000. Bitcoin USD (BTC-USD) Reports of Trump's transition team discussing the possibility of a first-ever role for crypto policy also sent the token higher over the past 24 hours. Bitcoin has been a key component of the "Trump trade," as President-elect Donald Trump has promised to explore crypto-friendly initiatives, including the creation of a bitcoin national stockpile, and the replacement of the Securities and Exchange Commissioner Gary Gensler. Digital asset firm Galaxy Digital ( GLXY.TO BRPHF ) CEO Mike Novogratz told Yahoo Finance on Wednesday that whoever Trump chooses to head the SEC will be positive for bitcoin given the "ove Show less Read more
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