Technology and Elections: The Surge of Cryptocurrency Post Trump’s Victory

Thursday, 21 November 2024, 22:30

Technology and elections play a critical role as cryptocurrency trends upward following Donald Trump’s election. Bitcoin has reached impressive new highs, topping $98,000 and signaling a bullish market. Investors remain undeterred by past volatility despite concerns surrounding political implications and cryptocurrency regulations.
Cbsnews
Technology and Elections: The Surge of Cryptocurrency Post Trump’s Victory

Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks. Now, bitcoin is at the doorstep of $100,000 and investors do not appear to be fazed by gravity or any cautionary tales of the cryptocurrency's history of volatility. Cryptocurrencies and related investments like crypto exchange traded funds have rallied because the incoming Trump administration is expected to be more favorable towards digital assets.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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