Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,302)
  • Analysis (1,493)
  • Bitcoin (2,074)
  • Blockchain (1,202)
  • DeFi (1,420)
  • Ethereum (1,433)
  • Event (55)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,463)
  • Press Releases (1)
  • Reddit (726)
  • Regulation (1,365)
  • Security (1,966)
  • Thought Leadership (2)
  • Uncategorized (1)
  • Videos (41)
Hand picked
  • BlackRock’s IBIT Bitcoin ETF breaks 34-day streak with $430 million in outflows
  • The analyst says that EvenCoin, based in Solana, has established a step for “ parabola in its own right ”, predicts a new summit of all time for an asset
  • How to use Chainabuse and Scamwatch to report a Bitcoin crook
  • Laughs Lambos: 7 Best Coins to Buy Now Turning Heads in 2025
  • Fortunerails is launching an exchange of Crypto Perps reserved for the United States with $ 14 million in new funding to build a better new type of Crypto FTXA exchange called rails is launched in the United States this week. Supported by $ 20 million in funding, including $ 14 million … 1 hour ago
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Market»Bitcoin surges to nearly $80,000 as Donald Trump prepares to return to the White House as president
Market

Bitcoin surges to nearly $80,000 as Donald Trump prepares to return to the White House as president

November 11, 2024No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Bit 1731230186112 1731230186355.jpg
Share
Facebook Twitter LinkedIn Pinterest Email


Bitcoin hit an all-time high of nearly $80,000 due to US President-elect Donald Trump’s support for digital assets and the possibility of pro-crypto lawmakers in Congress.

The cryptocurrency climbed 4.3% to $79,771 on Sunday and reached nearly $79,000 as of 2:05 p.m. in Singapore, according to a Bloomberg report. Smaller tokens such as Cardano and Dogecoin have also climbed.

Donald Trump, during his election campaign, ensured that he placed the United States at the center of the digital assets industry. This will include the creation of a Bitcoin stock and the appointment of relevant regulators.

On Tuesday, Trump won a majority by a stronger margin than expected.

“While the dust from Trump’s victory still settled, it was only a matter of time before some sort of surge occurred given the perception that Trump is pro-crypto, and c “This is what we are seeing now,” the report quotes. Le Shi, Hong Kong managing director of market-making company Auros.

In 2024, Bitcoin will rise by about 90%, driven by strong demand for U.S. exchange-traded funds (ETFs) and key rate cuts from the Federal Reserve, the report adds. This exceeds the returns of investments such as stocks and gold.

US Exchange Traded Funds

On Thursday, ETFs led by BlackRock Inc.’s $35 billion iShares Bitcoin Trust saw a daily net inflow of $1.4 billion, according to the report. iShares ETF trading volume hit an all-time high a day earlier, reflecting Trump’s victory and its impact on crypto.

Trump’s support for crypto contrasts with President Joe Biden’s crackdown on digital assets. The digital assets industry is often considered an area of ​​fraud and misconduct by Securities & Exchange Commission Chairman Gary Gensler. In 2022, the Securities & Exchange Commission tightened standards for digital assets, mainly after the collapse of Sam Bankman-Fried’s fraudulent FTX exchange.

During the US election campaign, digital asset companies spent a lot of money promoting industry-friendly candidates, the report said.

“Trump has promised favorable regulation, and the sweep of the House and Senate makes passage of crypto bills much more likely,” the report said citing Noelle Acheson, author of the newsletter Crypto Is Macro Now .



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleAI meets DeFi for new financial insights from the US to Dubai
Next Article Cardano Founder Charles Hoskinson Confirms Crypto Advisor Role Under Trump

Related Posts

Market

Week in Solana: a bet of $ 1 billion, despite questions from the ETF SEC

June 4, 2025
Market

The BTC rally paused at $ 105,000 while the analyst indicates that the market looks `overheated ” ‘

June 4, 2025
Market

The atom shows resilience in the middle of the uncertainty of the cryptography market

June 4, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Kenya to Host Africa’s Leading Blockchain & Crypto Conference in June 2025 

May 30, 2025

Nairobi, Kenya – May 2025 — Africa’s rapidly evolving blockchain ecosystem will take center stage…

Event

Crypto Vision Conference 2025: A Breakthrough Day for Web3 in the Philippines

May 29, 2025

Makati City, Philippines — April 26, 2025 — The AIM Conference Center was a hub…

1 2 3 … 48 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

The analyst says that EvenCoin, based in Solana, has established a step for “ parabola in its own right ”, predicts a new summit of all time for an asset

June 5, 2025

The Russian Central Bank wishes to allow companies to buy foreign stablescoins

June 5, 2025

Retail fomo’d, pump.Fun profit: Where did the Altcoin season go?

June 4, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 104,617.03
ethereum
Ethereum (ETH) $ 2,607.30
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.19
bnb
BNB (BNB) $ 668.56
solana
Solana (SOL) $ 152.77
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.188779
tron
TRON (TRX) $ 0.273484
cardano
Cardano (ADA) $ 0.678619