bullish

Rally

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin’s post-halving surge continues to drive its price higher, surpassing the $89,000 mark.</li> 
 <li>Despite the bullish trend, critics like Peter Schiff remain skeptical about Bitcoin’s long-term sustainability.</li> 
</ul> 
<p> Bitcoin’s impressive bull run continues post-halving, with a rising demand and limited supply driving its price upwards. </p> 
<p> This cryptocurrency, once struggling to surpass the $60,000 threshold, is now making headlines with its significant price surge. </p> 
<h2 id="bitcoin-s-remarkable-rally">Bitcoin’s Remarkable Rally</h2> 
<p>According to the latest data from CoinMarketCap, Bitcoin had surged to $88,683, an 8.81% rise in just 24 hours. </p> 
<p> Over the past week and month, Bitcoin’s performance has been equally impressive, with gains of 28.72% and 41.21% respectively. </p> 
<p> This rally has pushed Bitcoin past the $89,000 mark, contributing to an overall surge in the crypto market. </p> 
<p>Market optimism, fueled by expectations of a continued boom under President Trump, is a significant driver behind this growth. </p> 
<p> Anthony Scaramucci, CEO of SkyBridge Capital, acknowledged the impact of Trump’s victory on Bitcoin’s recent rally and expressed confidence in the potential for the U.S. to create a Strategic Bitcoin Reserve. </p> 
<h2 id="post-halving-surge-as-main-driver">Post-Halving Surge as Main Driver</h2> 
<p>However, not everyone agrees with this viewpoint. Jesse Myers, co-founder of OnrampBitcoin, believes the main story is the post-halving surge. </p> 
<p> According to Myers, the halving event has created a supply-demand imbalance, causing prices to rise to restore equilibrium. </p> 
<p> He predicts a similar outcome after the 2024 halving, with the market entering a bull run that will continue to push Bitcoin’s price higher. </p> 
<p>Despite the bullish trend, Peter Schiff, a vocal critic of Bitcoin, remains skeptical about its long-term sustainability. </p> 
<p> He warns investors of potential risks, dismissing the current rally as speculative and unsustainable. </p> 
<p> As Bitcoin approaches the $90K mark, the next phase for the cryptocurrency remains highly anticipated. </p>

Bitcoin Surges 41% in a Month, Boosting Crypto Market to All-Time High: The Trump Influence?

Table of Contents

CoinEagle.com

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