Bitcoin is on a rampage amid high hopes that it could continue strengthening.
The market is betting that the pioneering crypto asset might set a new target of $100,000 before the inauguration of President Donald Trump, who just a few days ago won the presidency.
Trump’s election win has empowered the crypto ecosystem, with Bitcoin reaching an all-time high above $76.5K after the Republican president’s victory, amid bullish sentiments in the crypto sector.
Trump’s push has propelled Bitcoin to its highest point ever, peaking above the $76K mark on November 7. This recent increase could be just the beginning, as the results suggest that the United States will have its first-ever pro-crypto president.
Trump’s victory effect on the rise
Bitcoin (BTC) has risen by 14% since Trump’s victory, with an increase of over 21% in the past month and a doubling of its value over the past year.
- At the start of the year, the cryptocurrency community had high hopes for Bitcoin, especially after…
