{"id":2929,"date":"2024-11-11T15:21:53","date_gmt":"2024-11-11T09:51:53","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=2929"},"modified":"2024-11-11T15:21:55","modified_gmt":"2024-11-11T09:51:55","slug":"bitcoin-hits-all-time-record-high-over-81000-amid-donald-trumps-victory-wave-gains-93-in-2024","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/bitcoin-hits-all-time-record-high-over-81000-amid-donald-trumps-victory-wave-gains-93-in-2024\/","title":{"rendered":"Bitcoin hits all-time record high over $81,000 amid Donald Trump\u2019s victory wave, gains 93% in 2024"},"content":{"rendered":"\n

\u00a0Bitcoin broke through a new all-time record high over $81,000, on the back of United States President-elect\u00a0Donald Trump\u2019s victory and his apparent support of digital assets, Bloomberg reported.<\/p>\n\n\n\n

Further,\u00a0crypto\u00a0markets are abuzz with the prospect of a Trump-era US Congress featuring pro-crypto lawmakers, it added.<\/p>\n\n\n\n

As of 9:05 a.m. on November 11, the world’s largest cryptocurrency was at $81,156.62. This is Bitcoin’s second consecutive record high, having peaked at $80,000 for the first time on November 10.<\/p>\n\n\n\n

On November 6, a day after Trump’s 2024 US presidential election win against\u00a0Kamala Harris\u00a0was announced, the token reached $75,000, crossing its previous all-time high of $73,797.98 hit in March 2024.<\/p>\n\n\n\n

Smaller tokens, including billionaire\u00a0Elon Musk–<\/a>promoted Dogecoin, also gained as \u201cbullish sentiment\u201d persists across the crypto space, the BB report added.<\/p>\n\n\n\n

\u201cWith the dust from Trump\u2019s victory still settling down, it was only a matter of time before a run-up of some sort occurred given the perception of Trump being\u00a0pro-crypto, and that\u2019s what we\u2019re seeing now,\u201d Le Shi, Hong Kong managing director at market-making firm Auros to Bloomberg.<\/p>\n\n\n\n

Overall, Bitcoin has gained around 93 per cent so far in 2024, due to inflows into US bitcoin exchange-traded funds (ETFs) and interest-rate cuts by the US Federal Reserve (Fed), the report added.\u00a0<\/p>\n\n\n\n

Richard Galvin, founder of crypto-focused investment firm DACM told Bloomberg they expect “buying pressure” to continue \u201cfor some time yet\u201d given the de-risk from Trump’s win. He is not alone in the optimism as Noelle Acheson, author of the Crypto Is Macro Now newsletter, wrote, \u201cTrump has promised supportive regulation, and the sweep of the House and the Senate makes the passage of crypto bills much more likely.\u201d<\/p>\n\n\n\n

Trump is viewed as pro-crypto. During his first presidency, he called cryptocurrencies a \u201cscam\u201d, but has since reversed his position on it during his re-election campaign. He even launched his own platform for the unit, as per an AFP report.<\/p>\n\n\n\n

The Republican candidate has pledged to make the US \u201cbitcoin\u00a0and cryptocurrency capital of the world\u201d and to put Tesla founder and chief executive officer Elon Musk in charge of a wide-ranging audit of governmental waste, as per the report.<\/p>\n\n\n\n

Trump announced in September that he, along with his sons and entrepreneurs, will launch a\u00a0digital currency\u00a0platform named World Liberty Financial. It had a poor launch earlier this month, with only a fraction of its tokens that went on the market finding a buyer, reported the agency.<\/a><\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0Bitcoin broke through a new all-time record high over $81,000, on the back of United States President-elect\u00a0Donald Trump\u2019s victory and his apparent support of digital assets, Bloomberg reported. Further,\u00a0crypto\u00a0markets are abuzz with the prospect of a Trump-era US Congress featuring pro-crypto lawmakers, it added. As of 9:05 a.m. on November 11, the world’s largest cryptocurrency was at $81,156.62. This is Bitcoin’s second consecutive record high, having peaked at $80,000 for the first time on November … Continue reading “Bitcoin hits all-time record high over $81,000 amid Donald Trump\u2019s victory wave, gains 93% in 2024”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":2930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,210,75,158,166,311,228,227,103,254,102,224,257,298,300,101,105,301,165,327,329,76,77,78,79,247,365,308,361,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,318,8,185,316,10,17,269,148,151,146,15,331,319,16,122,144,162,23,41,25,24,27,21,194,50,312,229,226,124,33,253,126,225,119,20,258,28,297,49,127,315,121,230,295,125,115,22,113,29,328,333,317,332,334,314,52,123,131,348,366,357,309,310,359,362,354,349,351,364,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,336,242,237,51,110,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,386,233,68,193,241,335,205,261,263,209,262,337,244,66,204,70,109,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180,290],"class_list":["post-2929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-investment","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-trading-ti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