Bitcoin prices up 30% since Trump victory. Is $100,000 mark on the cards next year?
Donald Trump’s victory, driving the cryptocurrency to new all-time highs (ATH). Following Trump's win, Bitcoin surged over 30%, peaking at an ATH of $89,956 and maintaining a bullish trend since then.
However, after reaching the record high of $89,956 on Tuesday, Bitcoin saw some profit-taking on Wednesday. As of 12:32 pm, the cryptocurrency was trading 3% lower at $86,740.
«This marks the first downturn since Trump's recent victory, which initially sparked market optimism. Despite this minor setback, analysts remain optimistic about Bitcoin's future. The recent volatility is attributed to investor profit-taking, broader market dynamics, and economic uncertainties,» said Shivam Thakral, CEO of BuyUcoin.
Can Bitcoin break the $100,000 barrier before year-end? Here's what crypto experts say
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The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»Alankar Saxena, Co-founder of Mudrex
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