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Bitcoin Hits $100,000 After Trump's Election, Ethereum Also Soars

Dec 5, 2024, 12:56 PM

Bitcoin has reached a historic milestone by surpassing $100,000 for the first time, following the election of Donald Trump, who has shown support for cryptocurrencies. Trump congratulated Bitcoin investors on Truth Social for reaching this target, suggesting his influence on the cryptocurrency market. His stance is seen as pro-Bitcoin and anti-BRICS, potentially impacting global economic alignments. Ethereum also hit new all-time highs, while some altcoins experienced corrections after recent rallies. Trump's appointment of a cryptocurrency-friendly figure to the SEC may have contributed to this surge.