Bitcoin

Strong

Trump Media

BlackRock

<p>Bitcoin has just hit a new all-time high, <a href="https://coinpedia.org/news/polymarket-predicts-bitcoins-odd-of-72-hitting-100k-by-november-heres-why/" target="_blank" rel="noreferrer noopener">reaching $97,858</a>, pushing its market value close to $2 trillion. This milestone comes in the wake of Donald Trump’s victory in the U.S. presidential election, which has had a major impact on Bitcoin’s price. Many are calling it the "Trump trade," due to the positive effects his win has had on the cryptocurrency.</p>   
<p>Here's all you must know. </p>   
<h2 class="wp-block-heading" id="h-the-trump-effect">The Trump Effect </h2>   
<p>Since Trump’s election win, Bitcoin has seen an impressive surge. As soon as the results became clear, Bitcoin quickly surpassed its previous all-time high of $73,737 from March. The price jump has been remarkable, with Bitcoin climbing 35% in just a few weeks.</p>   
<p>Several factors are contributing to <a href="https://coinpedia.org/news/bitcoin-set-to-surge-past-100k-in-7-days-as-blackrocks-bitcoin-etf-options-go-live/" target="_blank" rel="noreferrer noopener">Bitcoin’s rise</a>, including a government that is more friendly toward cryptocurrencies and new interest rate cuts by the Federal Reserve. These changes have boosted confidence among traders, sparking a wider market rally. </p>   
<p>The boost has extended to everything from stocks to bonds, all seeing gains since Trump’s win.</p>   
<h2 class="wp-block-heading" id="h-trump-s-team-could-benefit-crypto"><strong>Trump’s Team Could Benefit Crypto</strong></h2>   
<p>The excitement around Bitcoin isn’t just due to Trump’s victory. His team is also considering blockchain expert Teresa Goody Guillén for the role of SEC chair, which could be a big win for the crypto world. </p>   
<p>Additionally, Fox Business journalist Eleanor Terrett has reported that Brian Brooks, a crypto supporter, might also be in line for the position. Either of these choices could signal a more crypto-friendly regulatory environment.</p>   
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   https://twitter.com/EleanorTerrett/status/1858534085867589928 
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<p>Plus, there are rumors that Trump’s media company, Trump Media &amp; Technology Group, is in talks to buy Bakkt, a popular cryptocurrency exchange. This has sparked even more interest in Bitcoin, making people feel more confident about its future.</p>   
<h2 class="wp-block-heading" id="h-big-investors-jump-in">Big Investors Jump In</h2>   
<p>Another reason for Bitcoin’s price jump is the increasing interest from big investors. Just recently, BlackRock launched Bitcoin options trading through its iShares Bitcoin Trust (IBIT). <a href="https://coinpedia.org/news/blackrocks-1-9-billion-etf-debut-on-very-first-day-spark-massive-bullish-run-btc-eyes-100k/">Coinpedia News reported</a> that on its very first day, the IBIT saw an incredible $1.9 billion in trading, setting a new record for Bitcoin ETFs.&nbsp;</p>   
<p><strong>With Trump’s win, the possibility of crypto-friendly policies, and more institutional investors entering the market, Bitcoin’s future looks more promising than ever. The next few months will be exciting! </strong></p>

Why Bitcoin Is Going Up: “Trump Trade” In Action?

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