Trump's victory sends crypto market soaring: Bitcoin surpasses $88,000!
Following Donald Trump's re-election as US president, the cryptocurrency market has experienced a major surge. Bitcoin hit a new record of $88,417.2, driven by Trump's moderate approach to digital assets and his promise to make the US a "crypto hub."
12punto
With Donald Trump's victory in the US presidential election, interest in safe-haven assets has waned, while riskier investments have gained value.
The fact that Trump, elected as the 47th President of the US, stated in his victory speech that he would work to bring peace to the world has had a calming effect on the markets.
The price of the cryptocurrency Bitcoin continues to rise due to the moderate view of digital assets held by Donald Trump, who was re-elected president in the US, and the expectation of a congress featuring pro-crypto representatives.
Even before he officially takes office, the statements and activities of Trump have cooled down gold, while his support for cryptocurrencies has sent Bitcoin soaring.
"THE US WILL BE THE WORLD'S CRYPTO CAPITAL"
Donald Trump’s peaceful approach toward world wars and his promise during his election campaign to embrace digital assets and make the US the “crypto capital of the world” have revitalized the cryptocurrency market.
US NATIONAL BITCOIN RESERVE PLAN
Trump's statements have caused the most traded cryptocurrency to rise. Trump also has a “national Bitcoin reserve plan” for the US.
INCREASED BY $7,709 IN ONE DAY
While upward movement in relatively risky assets like the cryptocurrency market drew attention following the confirmation of Trump's presidency, Bitcoin, which continued its upward trend, hit a record of $82,100 yesterday, and today the bar rose by 9.55 percent and $7,709 to reach $88,417.2.
CRYPTOCURRENCY MARKET ROSE
According to data from the analysis firm Coinmarketcap, the price of Bitcoin has gained more than 3 percent in the last 24 hours, influenced by the moderate view of digital assets held by Donald Trump, who was re-elected president in the US.
IT WAS AT $38,505 IN JANUARY
Bitcoin, which was at its lowest level of the year at $38,505 on January 23, has gained approximately 66 percent in value since that date. Bitcoin finished last year at $42,283.
DOGECOIN AT THREE-YEAR HIGH
The gain in value in Bitcoin has also positively affected other cryptocurrencies. Dogecoin, an alternative cryptocurrency, has reached its highest level in three years.
Dogecoin rose by 42.62 percent and $0.118411 to reach $0.396213.
ETHEREUM
Ethereum, which ranks second in terms of market value, has also gained more than 27 percent in the last 7 days, rising above $3,324 for the first time in 3 months.
