2024-11-11 16:24:13
Politics
USA

Bitcoin Surges Amid Trump's Support for Crypto

Image used under license from Shutterstock.com (JON CHERRY)

Bitcoin has reached new heights, surpassing $81,000, fueled by the anticipation of favorable regulatory changes following Donald Trump's return to the U.S. presidency. Trump's election victory, along with the success of crypto-friendly candidates, has sparked optimism in the crypto community, expecting a more relaxed regulatory environment. This surge marks a doubling of Bitcoin's value since its yearly low, driven by investor confidence and a broader acceptance of cryptocurrencies as a significant asset class.

The market exuberance extends beyond Bitcoin, with other cryptocurrencies like Ethereum and Dogecoin also experiencing significant gains. Trump's pro-crypto stance represents a stark shift from his earlier skepticism, promising a supportive environment for the digital currency industry. The potential for reduced regulation and cheaper energy for mining under Trump's administration is seen as a boon for the market.

Additionally, the Federal Reserve's interest rate cut has provided further momentum, encouraging riskier investments like Bitcoin. The prospect of expansive fiscal policies and the growing institutional interest are solidifying Bitcoin's status as a strategic asset. As the market eyes new milestones, the optimism surrounding Trump's crypto policies continues to drive the rally.

t-online
11. November 2024 um 06:34

Bitcoin: Trump Victory Boosts Prices - Breaks $81,000 Mark

Cryptocurrencies & blockchain
Politics
Finance
Bitcoin reaches a record value of $81,000 after doubling since its yearly low; Trump's victory and the election of crypto-friendly candidates are strengthening expectations of a relaxation of the regulatory environment, which is boosting the crypto market worldwide, Ether also benefits; Trump has announced that he will make the USA the "crypto center of the planet".
Frankfurter Rundschau
11. November 2024 um 07:15

Bitcoin Continues Record Chase

Finance
Politics
Bitcoin continues record chase; Trump was a favorite of the crypto community; Cryptocurrencies are gaining importance.
The Guardian
11. November 2024 um 21:07

Bitcoin price tops $81,000 for first time amid ‘Trump pump’

Bitcoin price surges to $81,899 record high amid 'Trump pump' as investors anticipate crypto-friendly policies; crypto traders expect $100,000 price, but also warn of potential market correction.
zeit
11. November 2024 um 07:13

Cryptocurrency: Bitcoin Continues Record Chase

Finance
Politics
Bitcoin reaches new record highs; Cryptocurrencies like Ether and Solana remain in demand; Donald Trump's victory in the US presidential election gives Bitcoin a boost; The crypto community hopes for less regulation under Trump.
CW

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