After Donald Trump's victory in the U.S. presidential elections, the price of Bitcoin has experienced a significant increase, reaching almost $92,000. With an increase of nearly 5% in the last 24 hours, the cryptocurrency continues to break records.
According to market analysts, this upward trend in Bitcoin could continue, and they do not rule out the possibility of the cryptocurrency soon surpassing the $100,000 barrier. The most notable rise occurred immediately after Trump's victory in the elections and has continued in the days that followed.
Last week, Bitcoin surpassed $87,000 for the first time after the confirmation of the Republican candidate's victory. Previously, when the digital currency just exceeded $82,000, analysts were already pointing to the possibility of reaching $100,000 by the end of January 2025, after Trump's inauguration.
Nigel Green, CEO of Vere Group, a major independent financial entity worldwide, had predicted a substantial increase in the price of Bitcoin, anticipating it would reach $80,000 if Trump won the elections in the U.S. Experts emphasize that Trump's favorable stance towards cryptocurrencies marks a crucial moment for the digital asset market in general.
