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Despite what headlines might suggest, illicit activity makes up less than 1% of all transactions, with legitimate financial innovation and global commerce driving the vast majority of crypto use. Furthermore, Bitcoin’s historical price swings—from values under $1,000 to peaks near $20,000 followed by notable corrections—highlight that success in this space isn’t about quick riches.
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A qubit, or a quantum bit, is the basic unit of quantum information in quantum computing. Unlike a classical bit or a binary of 0 or 1, a qubit can represent both 0 and 1, allowing quantum computers to process many combinations simultaneously.
Bitcoin has surged due to certainty fuelled by the U.S. presidential elections and Republican candidate Donald Trump’s victory. BTC traded around $95,000 in the last few days after nearly touching $100,000. As of today, Dec. 05, 2024, it surged to the extreme high of $103,900. The anticipation that Trump’s administration will usher in a friendly regulatory environment for cryptocurrencies has fueled the surge.
Bitcoin, the world’s biggest cryptocurrency, has become one of the most eye-catching movers in the week since the US presidential election, crossing the $90,000 mark.
On November 14, Bitcoin recorded a surge of 21.05% over the last seven days. It was trading at $90,617.33 and had a market cap of $1.79 trillion at the time the article was being written.
