Bitcoin Price Hits New All-Time High As Trump Declares Victory

We take reasonable care to correct errors or omissions on our site as soon as we can after we are made aware of them. This is done using the Bitcoin blockchain algorithm, which uses a complex mathematical equation. According to the equation, the maximum Bitcoin that can ever be produced is 21 Million. Customer Reviews, including Product Star Ratings, help customers to learn more about the product and decide whether it is the right product for them. See today’s front and back pages, download the newspaper, order back issues and use the historic Daily Express newspaper archive.

Top mortgage deals vanishing as NatWest, Nationwide, HSBC and Barclays hike rates

• This milestone comes as Republicans edge closer to securing full control of Congress, having already clinched the presidency and a majority in the Senate.
• The Republican candidate has positioned himself as the ‘crypto candidate’, promising favourable regulation and the formation of a US bitcoin reserve if he wins.
• In the past, MicroStrategy was a business intelligence and analytics software company (it still offers these solutions today).
• High-beta strategies are likely to thrive in this climate, allowing investors to capture gains by focusing on altcoins and DeFi assets that amplify market rallies.
• The value of Bitcoin has surged by over 80% in 2024, reflecting growing optimism in the digital currency market.

Despite a drop in 7 day ATM implied volatility for both ETH and BTC by nearly 30% post-US election, we’ve seen a recent uptick – 15% for Ethereum and 5% for Bitcoin – reflecting renewed market volatility expectations. Bitcoin’s value has fluctuated over the years, with the worst dip in 2023, when it dropped by 34.6% compared to the previous year (from £33,482 to £21,887). On the other hand, aside from a 5.5% drop in 2021, gold’s value has increased steadily, making it a more stable investment, according to data from the last five years. The Republican candidate has positioned himself as the ‘crypto candidate’, promising favourable regulation and the formation of a US bitcoin reserve if he wins. Bitcoin https://www.investopedia.com/terms/i/investment.asp has surged to a new all-time high after Donald Trump emerged as the likely winner of the US presidential election.

Bitcoin price surges after Trump assassination attempt

We do not recommend or accept any responsibility for any third party provider’s products, services, information, advice or opinions provided to you either directly or via their websites. We will not be responsible to https://momentum-capital-crypto.net/ you if any product or advice you obtain form a third party is not suitable for you or does not meet your requirements. Any links to a third party provider’s website on this site are for your convenience only. The surge in cryptocurrency prices comes as the Republicans are edging closer to overall control of Congress, having already secured the presidency and a majority in the Senate. All crypto investments are risky, but meme coins like Shiba Inu are particularly volatile, and you should be prepared to lose everything you invest. Additionally, Bitcoin has outperformed Ethereum and Solana recently, with rising expectations around corresponding ETFs bringing it into the headlines.

Bitcoin price hits 2023 high as ‘bullish event’ looms

Bitcoin has surged past $82,000, continuing its record-breaking streak following the re-election of Donald Trump as President. His change in stance has created an expectation of a relaxation of rules to make it easier for retail savers to invest in Bitcoin and other cryptocurrencies. The race winner gets to add the block and earns the block reward, which comes up to a certain number of BTC. Bitcoin and Ethereum’s record price movements have resulted in trading venue Derive.xyz boards now showing a 20% probability of ETH surpassing $4,000 and a 25% chance of BTC breaching $100,000 by December 27. Other cryptocurrencies, including dogecoin – which has been promoted by high-profile Trump supporter Elon Musk – are also making gains.

US stock tip: Toys and games will bring festive cheer

In addition to his crypto-focused promises, Trump’s broader economic agenda—centered around tax cuts and regulatory reductions for businesses—has also contributed to a rise in other investments since his election victory. With Republicans controlling both the executive branch https://www.investopedia.com/investing-4427685 and potentially both chambers of Congress, they are well-positioned to advance Trump’s policies, including those aimed at boosting the cryptocurrency sector. In the run-up to the election Trump said he would create a strategic bitcoin stockpile and appoint digital asset-friendly financial regulators – spurring expectations that he would strip back regulations on the crypto industry.

As Bitcoin price soars, should it now be taken seriously or is it a new bubble?

Tax treatment depends on your individual circumstances and may be subject to future change. The recent U.S. elections, which resulted in a favourable outcome for pro-crypto lawmakers, have added to the wave of optimism surrounding Bitcoin’s potential regulatory support. Trump’s triumph in the election, alongside a Republican-controlled Congress, has had an immediate impact on the digital asset market. During his campaign, the president-elect made clear his intention to establish https://www.coindesk.com/markets/2024/09/18/fed-rate-cut-could-crash-crypto-markets-but-era-of-central-banks-is-over-arthur-hayes/ the U.S. as "the crypto capital of the planet," a pledge that many investors in the cryptocurrency space are now closely watching.