Bitcoin

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Bitcoin has made headlines by <a href="https://optimisus.com/news/crypto-news/bitcoin-rallies-17-in-the-last-7-days/" rel="noopener noreferrer nofollow">reaching an impressive $89,000</a> on Monday, following Donald Trump&#39;s recent election win on November 5. This surge represents a remarkable increase of over 21% since the election results were announced. The <a href="https://optimisus.com/news/crypto-news/over-300m-in-short-positions-liquidated-as-bitcoin-surges-above-80k/" rel="noopener noreferrer nofollow">cryptocurrency has been on a remarkable upward</a> trajectory, adding nearly $20,000 in just a week after dipping to $66,700 on November 6.Interestingly, while Bitcoin thrives, major tech stocks like Apple, NVIDIA, Amazon, Microsoft, and META are struggling, with most of them seeing declines. Google has managed a slight increase, and Tesla, which holds a significant amount of Bitcoin, has seen a 9.6% rise.Meanwhile, gold prices have dropped nearly 3%. This shift might indicate a trend where investors are moving their money from tech stocks and gold into cryptocurrencies, especially with Trump&#39;s anticipated return to the White House, where he has expressed support for digital currencies.Additionally, the iShares Bitcoin Trust ETF (IBIT) experienced a notable $1 billion in trading volume within just the first 35 minutes of its session, as highlighted by Bloomberg analyst Eric Balch.

Bitcoin Touches Record-High of Over $89K, Up 21% Since Trump Was Elected

Optimisus

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