Donald Trump Wins Again in the US Presidential Election 2024, Here's the Movement of Bitcoin Prices Today

Kapanlagi.com - Donald Trump's victory in the 2024 United States Presidential Election has shaken the cryptocurrency market, especially Bitcoin, with a very significant impact. On Thursday morning (11/7), the price of Bitcoin soared high, setting a new record that marks a historic moment for digital asset investors. This victory is seen as a breath of fresh air that strengthens the optimism of market players, especially regarding the pro-crypto policies that Trump may advocate.

Not only Bitcoin, but various other major cryptocurrencies also felt the positive impact, with quite a noticeable price surge. Data from Coinmarketcap shows that the global cryptocurrency market capitalization increased by 8.9% in the last day, triggering an increasingly fervent interest in this digital asset.

In fact, shares of companies operating in the cryptocurrency sector, such as Coinbase and crypto mining companies like Riot Platforms, also experienced a significant value spike.

Market observers believe that this surge is not just a momentary reaction but part of a positive trend that could continue. In this spirited atmosphere, both investors and crypto analysts eagerly monitor the next movements, especially ahead of the important Federal Open Market Committee (FOMC) meeting that will discuss US interest rate policies. Stay tuned for more information as reported by Kapanlagi.com from various sources, Thursday (11/7).

1. Bitcoin Price Reaches Historical All-Time High After Trump's Victory

The price of Bitcoin soared to a new peak following the shocking announcement of Trump's victory in the US Presidential Election 2024.

According to data from Coinmarketcap, on Thursday, November 7, 2024, Bitcoin was trading at an impressive US$ 75,701, experiencing a surge of 8.61% in just 24 hours.

Trump's victory triggered a wave of optimism among investors, who believe that pro-digital asset policies will soon be implemented, driving the prices of Bitcoin and other cryptocurrencies to soar to higher levels.

2. Crypto Market Capitalization Soars Drastically in 24 Hours

The global crypto market is shining with a staggering increase in market capitalization, soaring 8.9% to US$ 2.52 trillion!

This rise is driven by increasing investor confidence following Trump's victory, which is seen as likely to bring more crypto-friendly policies.

Not only Bitcoin is shining, but other digital currencies like Ethereum (ETH) and Binance Coin (BNB) are also skyrocketing, adding to the vibrant atmosphere of this hopeful market.

3. The Biggest Crypto Asset Surge in 6 Months

Crypto prices have skyrocketed, bringing with them a wave of massive liquidations on short leverage positions.

According to data from CoinGlass, around US$ 592 million in leveraged derivative trading positions had to be liquidated, creating the most significant short squeeze in the last six months.

This phenomenon indicates a very strong shift in market sentiment, triggered by the recent US election results.

4. Surge in Cryptocurrency Company Stock Prices

Not only is cryptocurrency grabbing attention, but the stocks of companies in this sector are also soaring high.

For example, Coinbase's stock skyrocketed by 31% after the election, while stocks of cryptocurrency mining companies such as Riot Platforms, TeraWulf, and CleanSpark recorded impressive increases between 20-25%. This is a positive signal that investors are becoming more confident in the bright future of the cryptocurrency industry!

5. Trump's Policy Projections Favoring the Cryptocurrency Industry

The Head of Research at FalconX, David Lawant, expressed overflowing optimism following Trump's victory, which is seen as a breath of fresh air for the cryptocurrency world.

He believes that regulatory policy changes will see significant improvements, and with predictions that the Republican Party is expected to dominate Congress, support for the cryptocurrency industry is also strengthening.

6. Short-Term Regulatory Risks and Their Impact

Although the spirit of optimism is rising, analysts remain cautious about the potential legal actions that may be taken by officials who will soon leave their positions.

David Lawant warns that these short-term risks could impact the crypto sector before more favorable regulations are fully implemented.

7. Bitcoin Record Marks the End of the Consolidation Phase

This latest Bitcoin record marks the end of an eight-month consolidation phase, providing a breath of fresh air for investors who have long awaited this moment.

With renewed enthusiasm, they now have reason to feel optimistic that Bitcoin prices will continue to soar in the coming months. Analysts also believe that this positive trend has the potential to continue, as long as supportive crypto policies remain in place.

8. The Influence of Fed Policy on the Crypto Market

The crypto market is anxiously awaiting the important FOMC meeting that will take place this Thursday, where there are high hopes for a 25 basis point interest rate cut.

If this step materializes, it could be a breath of fresh air that further strengthens the positive trend in the crypto world. Recent data from the CME FedWatch Tool also shows that many market participants are optimistic about the decision that will be made.

9. Does Trump's Victory Affect Bitcoin Prices?

Trump's victory has ignited a spirit of optimism in the market, triggering a surge in Bitcoin prices that soared to record all-time highs.

10. What Causes the Rise in Bitcoin Prices After the US Election?

Several investors are optimistic that the policies to be implemented by Trump will be more friendly towards digital assets, sparking a wave of new interest in crypto.

11. How Does Trump's Victory Affect Cryptocurrency Stocks?

Shares of cryptocurrency companies, such as Coinbase and Riot Platforms, surged sharply following the positive euphoria after Trump's surprising victory, creating a wave of optimism in the market that captivated investors' attention.

12. Will The Fed Influence Bitcoin Prices?

If The Fed decides to lower interest rates, it could be a breath of fresh air for the bullish trend of Bitcoin, where investors flock to seek assets that offer higher profit potential.

(kpl/rmt)