Bitcoin tops $110,000 for first time as US optimism lifts cryptocurrencies

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Bitcoin tops $110,000 for first time as US optimism lifts cryptocurrencies - Business Standard

Quick Summary:

The event has raised concerns among ethics experts, who argue that it offers access through transactions that directly benefit the president, and has sparked criticism over the potential conflict of interest.

Bitcoin’s latest milestone comes as Trump prepares to meet with the biggest holders of his memecoin at a dinner at his golf club just outside Washington on Thursday.

Such buyers include a flurry of obscure small-cap companies and public firms newly formed by crypto heavyweights which are financing their purchases by offering anything from convertible bonds to preferred stocks to finance.