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 presidency influence the future of cryptocurrency regulations in the U.S.?
**Interview with Crypto Analyst Sarah Thompson on Bitcoin’s Skyrocketing Value Post-Trump Victory**
**Editor:** Thanks for joining us today, Sarah. There’s been a lot of buzz around Bitcoin reaching an all-time high of $87,460 following Donald Trump’s victory. What do you think is driving this rally in the cryptocurrency market right now?
**Sarah Thompson:** Thanks for having me! It’s indeed an exciting time for crypto investors. The enthusiasm we’re seeing is largely influenced by Trump’s promise to make the U.S. the “crypto capital of the planet.” This has generated positive sentiment among investors and miners, who are thrilled about a potentially friendlier regulatory environment for cryptocurrencies.
**Editor:** That’s a significant shift in sentiment. Can you elaborate on how his win might affect cryptocurrency regulations in the U.S.?
**Sarah Thompson:** Absolutely. Investors are optimistic that Trump will adopt a less restrictive approach to regulation, especially with the potential for new leadership at the SEC. If he follows through on his plans to accumulate national reserves of Bitcoin, it could lead to more widespread adoption and legitimacy for cryptocurrencies.
**Editor:** You mentioned that other cryptocurrencies like Ether and Dogecoin are also experiencing significant growth. What’s driving that momentum across the board?
**Sarah Thompson:** The overall surge in Bitcoin prices often generates a “spillover effect” that benefits other cryptocurrencies too. When investors see Bitcoin rising, they often flock to altcoins like Ether and Dogecoin, hoping to capitalize on similar price movements. There’s also a growing interest in decentralized finance (DeFi) and non-fungible tokens (NFTs), which has been bolstering the entire market.
**Editor:** Given this historic growth, what would your advice be to investors who are now contemplating buying or selling?
**Sarah Thompson:** It really depends on individual investment strategies. For those looking to enter the market, it could be a favorable time given the bullish outlook and favorable policies on the horizon. However, others might want to consider securing profits, especially if they’ve seen significant gains. As always, it’s critical for investors to do their own research and consider their risk tolerance.
**Editor:** Thank you for your insights, Sarah. It’s certainly a pivotal moment for the cryptocurrency sector.
**Sarah Thompson:** Thank you for having me! It’s always exciting to discuss the incredible potential of cryptocurrencies, especially in a transformative time like this.
