Bitcoin has soared to $80K for the first time, thanks to Trump! Could we be heading for even crazier numbers?
In a stunning twist of market drama, Bitcoin has skyrocketed to an all-time high of $80,000, and it's making crypto aficionados do a double-take! The surge comes just in time to coincide with the buzz of Donald Trump’s latest political endeavors, as he dubs his administration as the potential "crypto capital of the world." This dizzying rise has sparked excitement across the crypto community, with many now speculating if Bitcoin will soon pull a rabbit out of the hat and reach the fabled $100,000 mark!
So what's behind this meteoric rise? In light of Trump’s decent showing in the elections, his pro-crypto rhetoric has breathed new life into the market. With an administration poised to pursue less regulation and more acceptance of digital assets, investors can’t help but feel a surge of optimism. Is it a coincidence that Bitcoin's price climbed right alongside Trump’s electoral victory? Probably not! Traders for weeks have been gearing up for this potential outcome, betting more than $2.8 billion on Bitcoin reaching even loftier heights, like $90,000.
Not only did Bitcoin make headlines, but Ethereum and XRP are also enjoying their rides on this bullish wave. These altcoins have seen promising gains, attracting attention from both institutional investors and retail traders eager to capitalize on the dynamic crypto landscape. As news of Bitcoin's surge spread like wildfire, crypto exchanges and platforms like Robinhood are also reaping the rewards, making waves of excitement ripple throughout the investment community.
As we ride this rollercoaster of digital currencies, it’s fascinating to consider not only the price movements but also the broader implications of Bitcoin’s rise. Historically, Bitcoin has been viewed as a “safe asset,” which many now hedge against political uncertainty, making it surprisingly resilient. In fact, the cryptocurrency has been the performance star of the year, outpacing traditional investments and providing a sanctuary in times of market turbulence. With the chaos of elections and the volatility of the market, Bitcoin has proven itself to be a digital gold of sorts—shiny, valuable, and now, more in demand than ever!
Bitcoin has been deemed a safe asset regardless of the outcome of the election. Ether and other coins, including payments coin XRP, have more to gain from a ...
Trump has pledged to make the United States the "bitcoin and cryptocurrency capital of the world."
Bitcoin topped $80000 Sunday amid a continued Donald Trump crypto run, good news for Robinhood and others. Is $100K coming soon?
Bitcoin on Sunday hit a new record above $80000. The world's largest cryptocurrency surged in the run-up to Tuesday's US presidential election, rose sharply ...
Cryptocurrency surges to $80000 for first time after decisive Republican win in presidential election.
Bitcoin's price reached a high of $80000 following Donald Trump's victory, seen as ushering in an era of pro-cryptocurrency government.
Bitcoin traded above $80000 over the weekend, extending a run for the leading cryptocurrency, which got a lift from last week's election victory by Donald ...
On November 5, the United States once again elected Donald Trump president. Running on a pro-crypto platform, Mr. Trump promised less regulation and more ...
Bitcoin hit a new record high as futures premiums soared, in a clear sign that investors believe the record-run will continue.
On the campaign trail the president-elect pledged to make America "the crypto capital of the planet".
Bitcoin was trading near record $80000 on Sunday after hitting it earlier in the session, following Donald Trump's decisive victory in the U.S. presidential ...
(Bloomberg) -- Bitcoin rallied past $81000 for the first time, boosted by President-elect Donald Trump's embrace of digital assets and the prospect of a ...
Bitcoin soared to a record high above $81000 on Monday on expectations that cryptocurrencies will boom in a favourable regulatory environment following the ...
Nomura has screened for Japanese stocks with "high bitcoin price sensitivity," following a surge in the cryptocurrency's price.
The price of Bitcoin breached $81,000 for the first time late on Sunday and hit a record all-time high, continuing its post-election bull run as President-elect Donald Trump has promised to bolster the industry while several pro-crypto candidates won ...
Bitcoin hit another high Monday, as the rally in cryptocurrencies continued following President-elect Donald Trump's election win.
The share prices of listed cryptocurrency companies also appear poised to benefit. The crypto exchange Coinbase has jumped by 40% since the election result, and ...
A crypto buying spree is underway as traders bet that Trump will usher in a new era of digital asset investing.
Wall Street stocks looked to extend last week's rally on Monday amid mixed global markets at the start of a busy week while bitcoin raced to a new record ...
The price of bitcoin reached a record high Sunday, continuing its post-election surge as President-elect Donald Trump has promised to bolster the industry.
The price of bitcoin hit an all-time high this weekend, a rally that started shortly after Donald Trump was declared the winner of the 2024 election.
Short sellers of cryptocurrency and blockchain-related stocks have suffered heavy losses since Nov. 6, after bitcoin surged to record highs, ...
Bitcoin and cryptocurrency related stocks have soared since Donal Trump won the presidential election on Nov. 6.
President-elect Donald Trump was pro-crytpo during his campaign and is expected to offer a friendly regulatory regime for digital assets. That should provide a ...
ABC News business reporter Alexis Christoforous on why markets and cryptocurrency are moving higher following Donald Trump's election win. The price of ...
The cryptocurrency market saw huge moves over the weekend following the Fed's decision last week to cut interest rates by another quarter-point.
Follow along for live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.