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Bitcoin continues to break records under Trump's influence.
Bitcoin continues to break records under Trump's influence.

21.11.2024 13:10

Bitcoin reached a record high of $97,109 amid optimism for inclusive regulations on cryptocurrencies under the Donald Trump administration. As investors anticipate a rise towards $100,000 for Bitcoin's price, there is significant activity in the cryptocurrency markets and related stocks.

Bitcoin, the newly elected President of the United States, Donald Trump's optimistic policies supporting cryptocurrencies have led to a record high. Bitcoin, which reached an all-time high of $97,109, is moving towards $100,000. Investors anticipate that the market will strengthen further with crypto-friendly regulations.

As Bitcoin Approaches $100,000, Trump's Crypto Vision Motivates Investors

The leading cryptocurrency Bitcoin has surpassed the $97,000 barrier for the first time in its history, fueled by the positive approach of the new President of the United States, Donald Trump, towards the sector. Trading in Asian markets during the day, Bitcoin set a new record at $97,109.

Since the beginning of 2024, Bitcoin has provided its investors with over 100% returns, especially gaining 40% in value over the last two weeks with Trump's inauguration and the increasing influence of crypto-friendly figures in Congress. IG Markets expert Tony Sycamore noted that although there are overbought signals in technical indicators, Bitcoin is approaching the $100,000 target.

Trump's promises to make America a global cryptocurrency hub and to create a national Bitcoin reserve have increased investor confidence. As a result of these developments, over $4 billion has been invested in Bitcoin ETFs in the U.S. in the last two weeks. BlackRock's Bitcoin ETF has also shown strong performance in the markets, leading to high demand for call options with rising expectations.

The rise in Bitcoin has positively impacted companies in the cryptocurrency ecosystem as well. Shares of Bitcoin mining giant MARA Holdings rose by 14% in a single day, while the market value of software company MicroStrategy, known for its Bitcoin investments, exceeded $100 billion with a 10% increase.

Will Peck, head of digital assets at WisdomTree, stated that the regulations the Trump administration will bring to the sector are eagerly awaited, saying, "While it is still early, the current interest is promising not only for Bitcoin but for the entire Blockchain ecosystem."


 
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