Bitcoin price breaks $95,000 barrier for the first time

 The price of the digital currency Bitcoin exceeded the $95,000 threshold for the first time in its history on Thursday, driven by hopes that former Republican President Donald Trump will soon return to the White House and expectations that he will pass more flexible legislation in the field of cryptocurrencies.

At approximately (01:24 GMT), the price of Bitcoin exceeded $95,000, before reducing its gains and falling to $94,463 at (01:30 GMT).

During his first term, Trump described digital currencies as a fraud and a scam, but his position on this matter completely changed, and he even launched his own digital currency, pledging to make the United States "the world capital of Bitcoin and digital currencies."

During his election campaign, Trump touched on the idea of ​​establishing a national strategic reserve of Bitcoin, and during his campaign he received the support of groups active in the field of digital currencies.

Bitcoin, which was originally intended to evade the oversight of traditional financial institutions, is based on blockchain technology, which acts as a virtual, tamper-proof ledger that keeps track of all transactions. Regulators are seeking to close legal loopholes surrounding these digital assets, which have often been the subject of controversy and are still considered a means of money laundering or defrauding individuals.