The price of bitcoin, the most valuable and best-known cryptocurrency on the market, once again set new highs during today’s session, exceeding $92,000with which it has accumulated a revaluation of more than 30% since Donald Trump’s victory in the US presidential elections and is increasingly approaching the threshold of 100,000 dollars.
The price of bitcoin continues to rise since the victory of Donald Trump, against his opponent Kamala Harris, in the last United States elections. The cryptocurrency with the highest value on the market has reached a peak of $92,000, where it has revalued more than 30% of its value.
According to market data consulted by Europa Press, bitcoin reached a new provisional maximum this Wednesday at $92,870, with arise of 6.6% compared to yesterday’s session and around 33% since Trump’s victory in the White House elections was confirmed on Tuesday of last week.
Since then, when bitcoin was trading around $69.4000, the reference cryptocurrency has not stopped breaking all-time highs successively and has already more than doubled its value so far this year.
Among the keys to the rise in the value of Bitcoin, we find the backing from companies and institutions such as BlackRock and Fidelity. Countries like ANDl Saviorwith large reserves of bitcoin, have revalued up to 531 billion dollars after the victory of the American tycoon. Trump promised to turn the United States into the world capital of cryptocurrencies, create a strategic reserve of bitcoin and appoint regulators who would bet on digital assets.
A change of direction in the market
«Bitcoin is reaching new highs daily. It is very possible that this rally will continue over time,” says Eric Demuth, CEO and co-founder of Bitpanda, for whom “there is a real possibility that we will see $100,000 this year or even this month«.
In this sense, Trump did not hide during the campaign that among his first decisions as president would be to replace the current president of the Securities and Exchange Commission (SEC), Gary Gensler, appointed by Joe Biden in 2021 and who has led the SEC offensive. against the cryptocurrency industry. «The current chairman of the SEC, Gary Gensler, is expected to be destituteat the latest, in February,” said the CEO of Bitpanda.
Ultimately, Demuth announced that more capital, both retail and institutional, is expected to flow into the market, helping to reduce volatility and supporting prices.
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