De-Regulation Expectations Push Bitcoin, Ether, Dogecoin To New Highs

Bitcoin has been surging higher ever since Donald Trump won the U.S. presidential elections. The largest and oldest crypto asset has scaled new highs since the announcement with the momentum taking it beyond $81,000 on November 11. According to data from Coinmarketcap, Bitcoin rose nearly 6.25% in the last 24 hours to $81,858.29 in the early Asian trading hours. The largest crypto assets total market capitalization has neared the $1.7 trillion mark, thanks to the 20% rise in the digital asset in the last one week. In the past week, Bitcoin surged from $67,000 to $79,900, breaking multiple records following Trump’s triumph. Ethereum followed the same trend. Experts see steady ETF inflows, rising global liquidity, a positive economic outlook, recent rate cuts, and regulatory support as the key factors in the latest crypto rally.