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0 sats \ 0 replies \ @JOSEPHBASKE 28 Nov \ on: Vancouver's mayor wants the city to become "Bitcoin-friendly" and buy BTC bitcoin
In the 24-hour time frame, Bitcoin recorded gains of nearly 5%, regaining the $96,100 level as a key to reach a new record high in the last days of the month.
This bullish price action was expected by experts and analysts throughout the year as a normal upward behavior during Halving cycles, further boosted by Trump’s crypto agenda, which notably include making BTC a strategic reserve for the US.
This week marked a notable divergence, as Bitcoin decoupled from the tech-heavy Nasdaq Composite, which fell by 1%. According to CNBC data, the Dow Jones Industrial Average and S&P 500 also experienced declines, yet Bitcoin managed to maintain its upward trajectory.
This strength was reflected in the performance of crypto-related stocks, with US-based crypto exchange Coinbase (COIN) up more than 5%, Robinhood (HOOD) up 4%, and MicroStrategy (MSTR) up 10%.