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 contributed to the recent surge in Bitcoin’s price following Trump’s election victory?**
### Interview with Cryptocurrency Analyst Jane Doe
**Editor:** Welcome, Jane. Thank you for joining us today to discuss the recent surge in cryptocurrencies following Donald Trump’s election victory. What is your assessment of this dramatic turn in the market?
**Jane Doe:** Thanks for having me! It’s truly remarkable to see Bitcoin soaring past $87,000, a significant milestone that reflects both market optimism and a shift in governmental stance towards cryptocurrencies. Trump’s commitment to making the U.S. the “crypto capital of the world” has resonated strongly with investors and miners alike [[1](https://www.forbes.com/sites/mauriciodibartolomeo/2024/11/07/trumps-top-3-bitcoin-promises-and-their-implications/)].
**Editor:** The increase in Bitcoin’s value has been quite sensational. What contributed to this rally, especially in the early days following the election?
**Jane Doe:** The spike in Bitcoin’s price can be attributed to several factors. First, there was a nearly 9% jump after his victory announcement, which many perceive as a signal of a more supportive regulatory environment for cryptocurrencies [[1](https://www.forbes.com/sites/mauriciodibartolomeo/2024/11/07/trumps-top-3-bitcoin-promises-and-their-implications/)]. Additionally, companies like Coinbase also saw significant stock gains—up 22%—which reflects the interconnectedness of crypto prices and the stock market for crypto-related assets [[1](https://www.forbes.com/sites/mauriciodibartolomeo/2024/11/07/trumps-top-3-bitcoin-promises-and-their-implications/)].
**Editor:** Analysts have even described this moment as a “renaissance” for crypto. Can you elaborate on that sentiment?
**Jane Doe:** Absolutely. The term “renaissance” captures the renewed optimism surrounding the potential of cryptocurrencies. With favorable policies on the horizon, we might see an influx of both institutional and retail investors. As Jeff Dorman of Arca suggests, expanding the world’s perspective on cryptocurrencies can have a long-lasting impact on technology and finance [[1](https://www.forbes.com/sites/mauriciodibartolomeo/2024/11/07/trumps-top-3-bitcoin-promises-and-their-implications/)].
**Editor:** With these historical price levels, are investors now asking if it’s a good time to buy or sell? What’s your take on that?
**Jane Doe:** It’s a tricky question. Many analysts believe that Bitcoin could continue to rise, especially if policy shifts bolster investor confidence. There’s also speculation about a leadership change at the SEC, which has been seen as overly cautious regarding crypto regulations [[1](https://www.forbes.com/sites/mauriciodibartolomeo/2024/11/07/trumps-top-3-bitcoin-promises-and-their-implications/)]. Those hoping for a more relaxed regulatory framework might see this as a perfect time to invest. However, as always, potential investors should proceed with caution and conduct thorough research.
**Editor:** Thank you, Jane, for your insights on the current crypto landscape. It will be interesting to see how this all unfolds in the coming months.
**Jane Doe:** Thank you for having me. I’m excited to see where this journey leads us!
