Unstoppable Bitcoin: BTC Price Barrels Past $81,000 For New ATH — $82k Now Within Reach

2024-11-11 10:00

Bitcoin is proving its mettle, and showing no signs of stopping. The crypto skyrocketed to a fresh record high on Monday, as investors bet that Donald Trump’s return to the Oval Office will be good for the crypto industry.

The world’s largest and most recognized cryptocurrency has now more than doubled from the year’s low of $38,4000 and was last at $81,405 having earlier touched a record high of $81,890, data from Coingecko shows.

A day after the elections, Bitcoin hit $75k, topping its previous high of $74,797 last March. Bitcoin’s early November price surge isn’t surprising, knowing how Bitcoin and crypto have become a hot election topic.

While Democrat Kamala Harris pitched her support for new technologies like AI, Trump was seen as more receptive and favorable to the Bitcoin and crypto community. Bitcoin’s latest surge pushed the asset’s market cap to over $2.7 trillion, data from CoinMarketCap show.

Bitcoin Inks Another ATH, Boosts The Crypto Landscape

Bitcoin’s bullish price action started last November 5th, when Trump’s numbers showed a convincing win. Earlier Wednesday, Bitcoin’s price hit $75k and soon surged to new highs until, Monday.

Bitcoin’s surge also benefited the rest of the crypto industry. For example, with Bitcoin’s price ascent, MicroStrategy’s share price increased, which was confirmed with Coinbase Global. Traders’ optimism is high; even the Dow Jones Industrial Average and the S&P 500 ended the week in black.

Trump’s Change In Bitcoin Policy

Interestingly, incoming President Trump wasn’t initially keen on Bitcoin and cryptocurrencies. During his first presidency, Trump labeled these digital assets as scams. However, with his recent public appearances and pronouncements, Trump changed his tune and now shows massive support.

In one of his campaign speeches, Trump promised to make the US the Bitcoin and crypto capital of the world. He also enjoys the support of many famous crypto personalities, including Elon Musk.

Crypto Project

Aside from his public statements supporting Bitcoin, Trump has also explored a crypto project. Last September, Trump and his sons and other entrepreneurs launched World Liberty Financial, a digital currency platform. However, technical difficulties and other issues marred the project’s launch.

Although Bitcoin and cryptocurrencies are known for their volatility, Trump has led the adoption of digital assets in recent months. Before the elections, he used BTC for retail purchases, the first US president to do so, making it a historic transaction.

Featured image from DALL-E, chart from TradingView

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97640.98 (+0.24%)
Объем 24H $91.1b
Изменеия 24h: 4.47 %, 7d: 7.13 %
Cегодня L: $94006.77 - H: $97681.32
Капитализация $1931.862b Rank 1
Цена в час новости $ 82580.37 (18.24%)

crypto bitcoin monday record skyrocketed fresh investors

Источник: newsbtc.com

crypto bitcoin → Результатов: 126


Фото:

Crypto’s winners and losers: who’s cashing in on the Bitcoin boom?

The cryptocurrency world is awash in new wealth as Bitcoin’s record-breaking climb above $90,000 propels the total value of digital assets past a staggering $3.2 trillion. Forbes estimates that 11 of the top crypto billionaires, whose holdings are predominantly liquid tokens and stocks, have collectively added $38 billion to their fortunes in 2024. Remarkably, $24 […]

2024-11-20 14:48


Bitcoin Price Breaks $60K – Why Is The Crypto Market Up Today?

This is turning out to be a great week for crypto. Bitcoin price just broke past the $60K level for the first time this month. In fact, remember how everybody was saying September is historically bad for crypto? We’re almost halfway through the month, and this is, for now, a “green” month since the BTC […] The post Bitcoin Price Breaks $60K – Why Is The Crypto Market Up Today? appeared first on CaptainAltcoin.

2024-9-14 00:52


Ethereum Price Prediction: Crypto Expert Says ETH Is Yet To Bottom Against Bitcoin

A crypto analyst has predicted when Ethereum, the world’s second-largest cryptocurrency, will bottom against Bitcoin, however, under certain conditions.   Analyst Predicts ETH/BTC Bottom Timeline In a recent X (formerly Twitter) post, crypto analyst and founder of ITC Crypto, Benjamin Cowen, shared his forecast regarding the Ethereum to Bitcoin price ratio, projecting the timeline for when ETH/BTC would hit its lowest value in the current market cycle.

2024-5-1 00:00


Samourai Wallet founders’ arrests are ‘a wake up call for crypto’ — Bitcoin pioneer Amir Taaki opines

Bitcoin pioneer Amir Taaki responded to US charges against privacy wallet Samourai & its developers, stating the action reveals that the state targets crypto innovators. The post Samourai Wallet founders’ arrests are ‘a wake up call for crypto’ — Bitcoin pioneer Amir Taaki opines appeared first on Crypto Briefing.

2024-4-29 20:08


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Boom: Financial Research Firm Analyst Explains Why BTC Rally Could Keep Going

A financial research company analyst expects Bitcoin to continue its price surge until year-end as it rides on bullish technical indicators and increasing market demand. In a CNBC interview uploaded via YouTube, Fundstrat’s Tom Lee shared his thoughts on Bitcoin’s continuing dominance in the context of incoming US President Donald Trump’s convincing election. Related Reading: […]