Republican

Solana

Bitcoin

Rise

Trillion

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surges-past-75000-following-u-s-election-results/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surges Past $75,000 Following U.S. Election Results</a><br></p>
<p style="text-align: justify">Bitcoin saw a rapid increase, surpassing $75,000 immediately after the U.S. elections and quickly exceeding $81,000. Geoff Kendrick, Head of Foreign Exchange and Digital Asset Research at Standard Chartered, noted that this surge could lead to new record highs.</p>
<h2 style="text-align: justify" id="strong-bitcoin-s-rise-may-propel-altcoins-strong"><strong>Bitcoin’s Rise May Propel Altcoins</strong></h2>
<p style="text-align: justify">Kendrick anticipates that Bitcoin’s momentum will positively influence other cryptocurrencies. He highlights the potential for Solana to deliver strong performance before year-end, suggesting that a general movement within the <a href="https://en.coin-turk.com/near-coin-faces-decline-amid-btc-volatility/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoin</a> market is expected, led by Solana.</p>
<p style="text-align: justify">According to Kendrick, Bitcoin could reach $100,000 by December 27. He states, “If it does not reach my year-end target of $125,000 by December 31, we might see that level by January 20 at the latest.”</p>
<h2 style="text-align: justify" id="strong-solana-and-ethereum-also-expected-to-rise-strong"><strong>Solana and Ethereum Also Expected to Rise</strong></h2>
<p style="text-align: justify">The rise of Bitcoin may also positively impact major cryptocurrencies like Solana and Ethereum . However, Kendrick believes Solana will demonstrate the best performance this year.</p>
<p style="text-align: justify">Additionally, Kendrick indicates that if the Republican Party gains control of both houses of the U.S. Congress, the global <a href="https://en.coin-turk.com/mastercard-introduces-new-card-for-spending-with-bitcoin-and-cryptocurrencies/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a> has the potential to grow by 300% over the next two years. Kendrick predicts growth opportunities in sectors such as gaming finance, tokenization, and decentralized infrastructure due to friendlier regulations under a Trump administration.</p>
<p style="text-align: justify">Kendrick states, “Looking at use cases, we expect expansion particularly in gaming and tokenization. With the acceptance of digital assets, we also see potential for development in decentralized infrastructure and socially-focused subcategories.”</p>
<h2 style="text-align: justify" id="strong-the-crypto-market-could-reach-a-total-value-of-10-trillion-strong"><strong>The Crypto Market Could Reach a Total Value of $10 Trillion</strong></h2>
<p style="text-align: justify">If Kendrick’s predictions come true, the total value of the <a href="https://en.coin-turk.com/ftx-plans-to-distribute-6-billion-to-users-after-restructuring/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a> could rise from its current $2.7 trillion to $10 trillion by the end of 2026. This growth is expected to accelerate innovations within the crypto industry and gain widespread acceptance across various sectors.</p>
<p style="text-align: justify">The performance of cryptocurrencies like Bitcoin and Solana could support overall sector growth and introduce new investment opportunities. Market participants are closely monitoring these developments.</p>
<p>The post <a href="https://en.coin-turk.com/bitcoin-surges-past-75000-following-u-s-election-results/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surges Past $75,000 Following U.S. Election Results</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin Surges Past $75,000 Following U.S. Election Results

Table of Contents

COINTURK NEWS

Other articles published on Nov 11, 2024

FTX Sues Binance, Zhao for $1.8B in Alleged Fraud: Report

Polymer Launches Real-Time Interoperability For Ethereum Rollups

BitcoinCash Weekly News November 11th 2024 by the BCHF

USDT and USDC Dominate the Stablecoin Market Amid Rapid Growth

Tether Reveals Company Asset Reserves Amid Scrutiny

Bitcoin Price Prediction: Bulls Surge to $80,000, Could $89,000 Be Next?

Join our free newsletter for daily crypto updates!