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Trump's Victory Propels Bitcoin to $90k Record Highs, Crypto Market Cap Hits $3 Trillion

Nov 12, 2024, 04:12 PM

Following Donald Trump's recent U.S. presidential election victory, Bitcoin has surged to new record highs, reaching $90,000. Investors are optimistic about a pro-crypto administration, leading to increased investments in cryptocurrencies. The total crypto market cap has reached $3 trillion, with Dogecoin surpassing Ford in value. The richest digital-asset tycoons have gained about $70 billion in wealth since the end of 2022. Trump's policies aim to keep government interference out of the crypto space and establish the U.S. as a global leader in digital assets. There are speculations about Bitcoin reaching $150,000 to $200,000 this bull cycle, with some even predicting it could spike to $1 million. The odds of Trump establishing a National Bitcoin Reserve have risen from 41% to 51% since his election win.