Bitcoin over $ 100,000: Trump's victory unleashes crypto rally!

Bitcoin over $ 100,000: Trump's victory unleashes crypto rally!

New York, USA - Bitcoin reached a historical highlight on December 5, 2024 and exceeded the important $ 100,000 mark. In the early morning hours, a record value of around $ 103,400, i.e. around 98,300 euros, was registered. This increase was favored by the results of the US presidential election and the announced nomination of the crypto-friendly lawyer Paul Atkins as the new chairman of the SEC stock exchange supervision, by Donald Trump. This reports Today.at .

The rally started after Trump's election victory on November 5, when Bitcoin was still $ 69,374 on election day. Trump's promise to reduce the regulatory pressure on the crypto industry, strengthened investors' trust and led to a massive shopping frenzy. BTC experienced a dramatic increase in value after experts speculated that more crypto ETFs could be approved under Atkins, who was already in George W. W. Bush SEC commissioner. This opened up new opportunities for investors who want to invest in Bitcoin without purchasing the currency directly. According to Los Angeles Times , market analysts are increasing with more small crypto drives, so named Altcoins, in the wake of these developments.

The hype about cryptocurrencies

The excitement around Bitcoin comes at a time when the crypto industry fluctuates sharply. Again and again extreme price increases from Bitcoin have also led to enormous losses. Two years ago, the Bitcoin course fell to less than $ 17,000 after the collapse of the FTX crypto exchange. Investors should remain careful because Bitcoin's price movements depend heavily on the market conditions. Although the upcoming Trump administration promises less strict regulation, the market remains very volatile. The risks related to investments in cryptocurrencies should not be underestimated, because like an analyst it put it: "Just keep it and take no more risk than you can afford."