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OXEN oxen in India ✌️【Work-Life Balance】✌️Start saving with ₹500 and achieve up to 100% monthly returns. Grow your money smartly!Bitcoin (BTC) reached anall-time highabove $100,000 earlier this week as a number of tailwinds fueled a post-U.S.-election rally in the world's largest cryptocurrency, Citi (C) said in a research report on Thursday."The nomination of digital asset-friendly Paul Atkins to chair the SEC provided the final boost," that saw bitcoin break through $100,000 to record highs, analysts led by Alex Saunders wrote.Bitcoin continues to be bolstered by exchange-traded fund (ETF) flows and other buying as adoption grows, the bank noted.The macro environment is also constructive for digital assets.

Loose financial conditions and resilient growth are positive for crypto tokens, Citi said."Other digital assets likely have more to gain from a more permissive regulatory environment," the authors wrote, noting that bitcoin's dominance has fallen.Over the longer term, the bank said a network's utility or value will be linked to its usage, macro correlations and production costs.A new, more benign regulatory system could unlock more and wider use cases for blockchain assets, the report added.More permissive crypto policies should broaden the asset class, Citi said, but bitcoin, which has already been classified as a commodity, and has both a spot ETF and a futures contract, has less to gain than other tokens.Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry.

He's now covering the crypto beat as a finance reporter at CoinDesk.

He owns more than $1,000 of SOL.OXEN oxen in India ✌️【Work-Life Balance】✌️₹500 to unlock the potential for massive monthly earnings. Join now!