Donald Trump

Bitcoin

Rise

Elon Musk

The world’s largest cryptocurrency, Bitcoin, has finally surpassed one of the biggest psychological barriers of $85,000 and is trading at $85,124 at the time of writing. 
With the rise in BTC, the all-time high price level has also been updated to 85,500. 
<figure id="attachment_158484" aria-describedby="caption-attachment-158484" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-158484 size-full" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/11/BTCUSDT_2024-11-11_21-42-59.png" alt="" width="1342" height="792">
 <figcaption id="caption-attachment-158484" class="wp-caption-text">
 Image showing the current state of the chart with 15-minute candles after the recent rally in BTC price.
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It is thought that the reason for this huge increase in the BTC price is the election of cryptocurrency-supporting Donald Trump as the President of the United States, the widespread belief that Elon Musk will also have a say in this administration, and also the predictions that the FED will proceed on the path of monetary easing in the coming period. 
Related News: <a href="https://en.bitcoinsistemi.com/giant-whale-may-have-got-fomo-he-bought-huge-amount-of-bitcoin-at-peak-price-or-does-he-know-something/" target="_blank" rel="dofollow">Giant Whale May Have Got FOMO - He Bought Huge Amount of Bitcoin at Peak Price - Or Does He Know Something?</a> 
On the other hand, due to the rise, there were also large-scale liquidations in the cryptocurrency market. In the last 24 hours, the entire cryptocurrency market faced a total liquidation of $661 million, and despite the rise, interestingly, $361 million of these were in long positions. 
The assets that experienced the largest liquidation were recorded as Bitcoin, Ethereum and Dogecoin, respectively. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/historic-rise-continues-bitcoin-breaks-85500-level-here-is-the-latest-situation-and-what-to-watch-in-altcoins/">Historic Rise Continues: Bitcoin Breaks $85,500 Level – Here is the Latest Situation and What to Watch in Altcoins!</a>

Historic Rise Continues: Bitcoin Breaks $85,500 Level – Here is the Latest Situation and What to Watch in Altcoins!

Bitcoin Sistemi EN

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