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Trump Victory Boosts Bitcoin To All Time High. What's next?

Trump Victory Boosts Bitcoin To All Time High. What's next?

Sakshi Batra
Sakshi Batra
  • New Delhi ,
  • Nov 6, 2024,
  • Updated Nov 6, 2024, 4:40 PM IST

 

Bitcoin surged to a new record high of $75,060 as traders and investors bet on a potential Trump victory, with many speculating that a Trump administration would bring crypto-friendly policies. Ethereum and Dogecoin also saw significant gains, jumping 6.5% and 18%, respectively. Experts believe a shift in regulatory stance under Trump could benefit the crypto industry, with promises to make the US a global crypto hub and create a Bitcoin reserve. Bitcoin's market cap hits $1.445 trillion, and analysts predict it could reach $80,000 to $90,000 by Inauguration Day. Some even forecast Bitcoin could hit $100,000 before the year-end, with projections of $200,000 by 2025 driven by macroeconomic factors. Watch the full coverage on Business Today TV.

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