Global #Bitcoin

On Wednesday, November 6, Bitcoin reached new all-time highs (ATH), surpassing $75,000 and approaching the long-awaited bull run in the cryptocurrency market.

As the global economy faces inflationary pressures, with the average inflation rate for 2023 sitting at 5.69%, many people are questioning the effectiveness of traditional financial systems.

Bitcoin has soared to a new all-time high (ATH) of $81,858, marking a nearly 21% increase in value. This remarkable surge is being attributed to the election of former President Donald Trump, whose pro-crypto stance during his campaign has fueled investor optimism.

The price of Bitcoin has surged to around $81,107.53, marking a significant milestone in its ongoing rally. Since November 5, the day of the U.S. presidential election, Bitcoin’s market value has soared by at least 19.56%.

In a recent interview with DealBook’s Andrew Ross Sorkin, Tim Cook, CEO of Apple Inc., shared that he had been personally invested in Bitcoin for about three years.

The U.S. Securities and Exchange Commission (SEC) has announced that it will require additional time to assess whether the proposed Bitcoin Exchange-Traded Fund (ETF) options meet existing securities laws.

In a significant development, the defunct Mt. Gox crypto exchange transferred over $2 billion worth of Bitcoin on Sunday, signaling that the long-awaited process of repaying creditors may finally be underway.

The re-election of Donald Trump to the U.S. presidency has sent shockwaves through the global cryptocurrency scene, bringing some of the industry's most prominent figures to the forefront, including Tesla’s Elon Musk and El Salvador's President Nayib Bukele.

The cryptocurrency market, led by Bitcoin (BTC) and Dogecoin (DOGE), saw significant gains in the past 24 hours, with the total market capitalization climbing more than 4% to hover around $2.9 trillion.

Both Bitcoin (BTC) and Ethereum (ETH) have experienced impressive growth over the past 30 days, with Bitcoin seeing a surge of 21.6% and Ethereum rising by 19.2%.

The crypto industry witnessed a monumental victory following the U.S. presidential election on November 5, 2024, as Bitcoin surged past $73,000 amid favorable developments for Donald Trump.

Bitcoin (BTC) has witnessed a significant uptick in demand, fueled by several key factors, including the overwhelming support for pro-crypto candidates in the United States, a recent Fed rate cut, and the growing trend of nation-states exploring Bitcoin as a solution to their economic crises.