Bitcoin vaults to all-time peak as Trump election raises crypto excitement
==========

Bitcoin reached a record high of US$87,460 on November 11, 2024, following Donald Trump's election as U.S. president; it has more than doubled from a low of US$38,505 earlier in the year; U.S.-listed crypto stocks surged, with Coinbase Global up 22%, iShares Bitcoin Trust up 13%, and Riot Platforms up 19%; Trump promised to make the U.S. the 'crypto capital of the planet' and replace SEC Chair Gary Gensler; the crypto industry backed pro-crypto candidates with over US$119 million, leading to significant electoral wins; short sellers faced US$1.2 billion in losses; Deutsche Bank analyst Marion Laboure noted potential for expedited regulatory clarity under Trump; Bitcoin ETFs saw record inflows of US$1.38 billion post-election; Ether and Dogecoin also experienced gains.

#Bitcoin #DonaldTrump #Cryptocurrency #Sec #Investments #MarketTrends #Elections #Finance #Stocks #Etfs

https://www.nst.com.my/business/economy/2024/11/1133151/bitcoin-vaults-all-time-peak-trump-election-raises-crypto