Bitcoin All-Time High – Cryptocurrency Races Past $90,000

PUBLISHED: Nov 14 2024 @ 09:42 | Comments (0) | More info about Fiona Craig

Bitcoin’s (COIN:BTCUSD) price has risen above $90,000 for the first time, buoyed by the result of last week’s U.S. election which saw a decisive victory for Donald Trump.

Other cryptocurrencies have also risen, including dogecoin (COIN:DOGEUSD) which Trump supporter Elon Musk has promoted.

Trump is pro-cryptocurrency, and while on the campaign trail he promised to make the U.S. “the crypto capital of the planet.” He said he could create a strategic bitcoin stockpile and appoint regulators who were friendly to digital assets. He also plans to sack Gary Gensler, the current chair of the Securities and Exchange Commission, who has led the crackdown on the crypto industry.

The president-elect’s victory has propelled bitcoin to new heights, and the cryptocurrency has now risen by more than 80% this year.

Next stop 100,000?

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.