9 sources·Business

Bitcoin Surges Above $82,000 Post-Trump Election Win

Bitcoin's price climbs following Trump's election, indicating optimism for cryptocurrency under his administration, with analysts predicting continued growth amid regulatory changes.

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Updated: Nov 11th, 2024, 10:46 AM ET

Summary

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Bitcoin has reached an all-time high above $82,000 following Donald Trump's presidential victory. Analysts suggest the crypto market could thrive due to expected regulatory support. Trump's promises to bolster the industry are contributing to heightened investor confidence, with significant inflows into crypto ETFs noted. Other cryptocurrencies like Ether, Dogecoin, and XRP have also experienced notable gains. As year-to-date gains surpass 85%, some analysts forecast Bitcoin's trajectory could hit $100,000 by year-end amid an anticipated favorable regulatory climate.

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