Bitcoin exceeds $87,000 after Trump‘s victory. Right now there is a big boom in cryptocurrencies in the United States.
The election of Donald Trump as the new president of the United States has generated an unprecedented rally in the cryptocurrency market, leading bitcoin to reach its all-time high of $87,460.
With his promise to turn the US into the “crypto capital of the planet,” Trump has boosted the enthusiasm of cryptocurrency investors and miners, who see in his victory a more favorable environment for the development of digital assets.
Bitcoin rebound and cryptocurrencies on the rise
The price of bitcoin, the best-known and most valuable cryptocurrency on the market, experienced a rise of almost 9% in the early hours of this Monday, reaching $87,079, surpassing its previous high of $38,505 at the beginning of the year.
This increase also benefited shares of companies related to cryptocurrency in the US, such as Coinbase. Whose value skyrocketed by 22%, and the iShares Bitcoin Trust, which rose 13%.
In addition to bitcoin, ether, the second most important cryptocurrency, reached its highest value in three months, exceeding $3,350. Dogecoin, a cryptocurrency that began as a satire in 2013, has also reached historic levels, being one of the alternative options that has grown the most in recent days.
A “renaissance” for the crypto sector
The impact of this election on the cryptocurrency market has been highlighted by analysts and investors. Jeff Dorman, co-founder of asset manager Arca, called this moment a “renaissance” for the industry.
According to Dorman, “events like this broaden the world’s view of the potential of cryptocurrencies and their impact on the future of technology.” Trump’s policies also plan to accumulate national reserves of bitcoin. Which fuels expectations of a more open and less regulated approach to the sector.
Is it time to buy or sell?
With the market at historic levels, many investors are wondering if it is advisable to buy or sell.
Analysts point out that the price of bitcoin could continue to rise, driven by a more favorable policy for the crypto market and by the promise to replace the president of the US Securities and Exchange Commission (SEC), Gary Gensler, who He has been a critic of the sector.
The expectation of a decrease in regulatory scrutiny could create an environment conducive to the growth of cryptocurrencies in the coming years.
However, experts also warn that investors should be cautious as the cryptocurrency market is characterized by volatility.
Those looking to make quick profits may see this as a good time to sell. While long-term investors might consider holding onto their assets, especially if the value continues to rise.
Increased investments in Congress
In addition to Trump’s victory, the cryptocurrency industry has supported numerous pro-crypto candidates, spending more than $119 million on their congressional campaigns.
This strategy has borne fruit, as several of these candidates have been elected, which could strengthen the pro-cryptocurrency lobby in the administration that will be installed in January 2025.
For those interested in the crypto sector, this could be the beginning of a growth cycle driven by policies that favor innovation in technology and investment in cryptocurrencies.
Although the market offers great opportunities, experts insist on the importance of analyzing the behavior of assets and making informed investment decisions.
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What factors are influencing Bitcoin’s surge following Trump’s election?
**Interview with Crypto Analyst Jane Doe on the Impact of Trump’s Election on Bitcoin’s Surge**
**Host:** Welcome to today’s special segment on the cryptocurrency market. With Bitcoin surpassing $87,000 following Donald Trump’s recent victory, we have here crypto analyst Jane Doe to shed some light on this unprecedented rise. Jane, thank you for joining us!
**Jane Doe:** Thank you for having me! It’s an exciting time for the crypto world.
**Host:** Absolutely! So, we’ve seen Bitcoin hit a new all-time high just days after Trump’s victory. What do you think are the main factors driving this price surge?
**Jane Doe:** Well, several factors are at play. Firstly, Trump’s promise to transform the U.S. into the “crypto capital of the planet” has instilled confidence and enthusiasm among investors. His policies are expected to create a more favorable regulatory environment, which is crucial for institutional investment in cryptocurrencies.
**Host:** Interesting! It seems like his election is already making waves. How has this election affected other cryptocurrencies, such as Ethereum and Dogecoin?
**Jane Doe:** The impact has been significant across the board. Ethereum recently broke through the $3,350 mark, marking its highest value in three months. As for Dogecoin, it has also been experiencing a resurgence, which some analysts attribute to the overall positive sentiment in the crypto market. This isn’t just about Bitcoin; the momentum is contagious across various digital assets.
**Host:** With the market reaching historic levels, what should investors do now? Is it time to buy or sell?
**Jane Doe:** That’s the million-dollar question! While many analysts believe the upward momentum could continue, timing the market is always tricky. Investors should consider their personal risk tolerance and investment horizon. For some, this might be a good time to take profits, while others may want to hold on for potentially greater returns in the coming months.
**Host:** You mentioned a potential shift in regulatory policy, particularly with a new SEC leadership. How could that influence the market?
**Jane Doe:** Yes, the expected changes could greatly influence investor sentiment. A new SEC chair could lead to a more crypto-friendly regulation, which could in turn open the floodgates for larger institutions to invest in digital assets. This potential shift is one reason many believe we’re entering a new phase for the cryptocurrency market.
**Host:** It’s fascinating how politics can play such a crucial role in financial markets. Before we wrap up, what advice do you have for everyday investors looking to navigate this volatile market?
**Jane Doe:** Stay informed and cautious. Always do your research before making investment decisions, and consider diversifying your portfolio. The crypto market is notoriously volatile, so it’s important to approach it with a balanced mindset and not get swept up in fear of missing out.
**Host:** Sound advice! Thank you, Jane, for sharing your insights with us today.
**Jane Doe:** Thank you for having me! Exciting times ahead for the crypto space!
**Host:** Absolutely! Stay tuned for more updates on the cryptocurrency market as we continue to monitor these developments.
