Bitcoin

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-prices-skyrocket-after-trumps-election-win" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Prices Skyrocket After Trump’s Election Win</a><br></p>
<p style="text-align: justify">Following Donald Trump’s recent success in the U.S. presidential elections, <a href="https://en.bitcoinhaber.net/bitcoin-analyst-predicts-recovery" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> prices surged dramatically, climbing by 37.3%. This notable rise has reignited interest within the cryptocurrency sector. Historical trends indicate that Bitcoin may see a further increase of up to 46% in December, potentially elevating its value to $141,000 by year-end.</p>
<h2 style="text-align: justify" id="strong-what-factors-drive-bitcoin-s-post-election-surge-strong"><strong>What Factors Drive Bitcoin’s Post-Election Surge?</strong></h2>
<p style="text-align: justify">Analysis from Spot On Chain reveals persistent patterns in Bitcoin’s price movements during election cycles. Traditionally, Bitcoin’s value has appreciated between 30% and 46% by December. Currently priced at $96,600, market predictions suggest a potential challenge to the $115,000 threshold as the year concludes.</p>
<h2 style="text-align: justify" id="strong-how-is-supply-affecting-bitcoin-prices-strong"><strong>How Is Supply Affecting Bitcoin Prices?</strong></h2>
<p style="text-align: justify">The dwindling Bitcoin reserves on exchanges have emerged as a crucial factor behind this price increase. Long-term holders are choosing not to sell, thereby tightening supply and driving prices higher. Expert Ben Armstrong emphasized the significance of this moment, forecasting that Bitcoin might touch the $100,000 mark soon.</p>
<p style="text-align: justify">Willy Woo, a prominent figure in Bitcoin analysis, highlights the ongoing supply shock affecting exchanges. He observes that while short-term investors may be liquidating their assets, new demand from incoming investors is creating a contrasting scenario that could lead to further price gains. Additionally, the introduction of Bitcoin ETFs has intensified this demand, impacting the overall supply.</p>
<ul>
 <li>Bitcoin has risen by 37.3% following Trump’s election.</li>
 <li>Historical data suggests potential gains of 46% in December.</li>
 <li>Long-term investors are holding Bitcoin, tightening supply.</li>
 <li>Bitcoin may reach $100,000 in the short term.</li>
</ul>
<p style="text-align: justify">As the calendar year nears its end, Bitcoin’s market remains characterized by fluctuations, influenced by an increase in demand alongside a diminished supply. This phase is recognized as a key moment for those committed to long-term investment strategies.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-prices-skyrocket-after-trumps-election-win" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Prices Skyrocket After Trump’s Election Win</a></h5>

Bitcoin Prices Skyrocket After Trump’s Election Win

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