After Donald Trump's victory in the presidential elections, digital currencies sharply increased in value. For example, Bitcoin reached an all-time high, dropping below the threshold of $14,000, for which it was sold not long ago before this.
Analysts believe that Trump's victory, accompanied by statements regarding cryptocurrency and their regulation, served as a catalyst for increased demand for various digital assets. Moreover, economists link this growth to the uncertainty during the transition of power and the statements of Republican officials conducting an audit of the Federal Reserve System.
"We see a rise in digital currencies related to Trump's victory, who has repeatedly expressed support for blockchain technology and cryptocurrency, as well as in connection with forecasts of a sharp decline in prices for the dollar," noted financial analyst Andrey Ivanov.
Thus, the cryptocurrency market reacts to events in the global economy and politics, and Trump's victory in the elections became one of the reasons for the increase in digital assets.
