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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How might Trump’s promise to make the U.S. the “crypto capital of the planet” affect future cryptocurrency regulations?
**Interview with Cryptocurrency Analyst: The Impact of Trump’s Victory on Bitcoin and the Crypto Market**
**Host:** Welcome to our segment where we discuss the latest developments in the cryptocurrency world. Today, we have with us Sarah Thompson, a cryptocurrency analyst with deep insights into market dynamics. Sarah, thank you for joining us.
**Sarah:** Thank you for having me!
**Host:** Let’s dive right in. Bitcoin has recently exceeded $87,000 following Donald Trump’s election victory. What do you believe has driven this boom in the cryptocurrency market?
**Sarah:** It’s quite remarkable! Trump’s election has certainly sparked a lot of enthusiasm among investors and miners alike. He has promised to make the U.S. the “crypto capital of the planet,” which signals a more favorable environment for cryptocurrency development. This optimistic outlook is driving prices higher as people anticipate less regulation and an influx of institutional money [[1](https://www.cnn.com/2024/11/18/business/video/trump-crypto-bitcoin-strategic-national-reserves-digvid)].
**Host:** That’s interesting. Can you tell us about the specific price movements we’ve seen in Bitcoin and other cryptocurrencies?
**Sarah:** Absolutely. Just this week, Bitcoin rose almost 9% to hit a historical peak of $87,460, shattering its previous high of around $38,500 earlier this year. This momentum has also boosted shares of cryptocurrency-related companies, like Coinbase, which saw a 22% increase. Other cryptocurrencies, such as Ethereum and even Dogecoin, are also experiencing significant gains, reflecting a broader resurgence in the market [[1](https://www.cnn.com/2024/11/18/business/video/trump-crypto-bitcoin-strategic-national-reserves-digvid)].
**Host:** Some analysts, including Jeff Dorman, have referred to this period as a “renaissance” for the crypto sector. What do you think he means by that?
**Sarah:** Dorman’s comment highlights how significant political events can reshape perceptions around cryptocurrencies. This moment underscores their potential impact on technology and finance. With Trump’s intentions to accumulate a national reserve of Bitcoin, it indicates a possible shift towards embracing cryptocurrencies on a national level, which can reshape the market entirely [[1](https://www.cnn.com/2024/11/18/business/video/trump-crypto-bitcoin-strategic-national-reserves-digvid)].
**Host:** Given all this, do you think it’s a good time for investors to buy or sell?
**Sarah:** This is the million-dollar question! While there’s a strong bullish sentiment right now, investors should proceed with caution. The market has reached historic highs, and while many believe it could continue to rise due to favorable regulations, it’s important to recognize the volatility inherent in cryptocurrencies. As always, investors should do their research and consider their financial situations carefully [[1](https://www.cnn.com/2024/11/18/business/video/trump-crypto-bitcoin-strategic-national-reserves-digvid)].
**Host:** Valuable insights, Sarah! Thank you for sharing your expertise on such a timely topic.
**Sarah:** Thank you for having me! It’s an exciting time for cryptocurrencies, and I’m looking forward to seeing how it all unfolds.
**Host:** We appreciate your time, and to our viewers, stay tuned for more updates on the cryptocurrency landscape as it continues to evolve!
