As predicted by experts, after the US Presidential election with the final victory belonging to Mr. Donald Trump, the price of Bitcoin immediately skyrocketed from about 67,000 USD to 1 BTC to 89,165 USD to 1 BTC as of 9:25 am on Tuesday, November 12, 2024. This trend certainly has not stopped, and the world's most valuable virtual currency is aiming to surpass the 90,000 USD mark for the first time in its 16 years of existence.
According to predictions by market analysis firm Polymarket, 94% of cryptocurrency investors surveyed bet that Bitcoin's value will hit $90,000 this November.
It’s important to note that Bitcoin has previously increased in value by $10,000 in a single day. And if that trend continues, the prospect of 1 BTC being worth $100,000 or more is entirely possible. According to the same Polymarket poll, 35% of investors believe Bitcoin will reach $105,000, while 73% think we’ll see a price of $95,000 this month.
The reason why President Trump's recent election victory has pushed Bitcoin prices up is because during his campaign, he repeatedly emphasized and expressed optimism about technology. Mr. Trump even spoke at the Bitcoin 2024 conference that he wanted the United States to become the cryptocurrency capital of the planet.
“ History shows that bitcoin could easily end this year at around $100,000 ,” said Kyle Rodda, senior financial markets analyst at online trading platform Capital.com.
Bitcoin also reached a notable $73,000 in March this year, but has been on a steady decline since then until the US presidential election results were finalized. In fact, Bitcoin has surged by 25% since the US presidential election on November 5. Analysts point out that the strong increase in BTC price is mainly due to the wave of excitement, confidence and expectation that the Trump administration will be “friendly” to virtual currencies, strongly supporting digital assets in general.
It is unclear how and when Mr. Trump will follow through on that promise, but his campaign rhetoric has fueled a surge in cryptocurrency mining and trading.
Students need a specific type of laptop for their studies. It should not only be powerful enough to perform well in their chosen major, but also compact and light enough to carry around all day.
Birth defects are something no one wants. Although they cannot be completely prevented, you can take the following steps to reduce the risk of birth defects in your baby.
As you know, RAM is a very important hardware part in a computer, acting as memory to process data and is the factor that determines the speed of a laptop or PC. In the article below, WebTech360 will introduce you to some ways to check for RAM errors using software on Windows.
The automatic home coffee maker is a modern and professional product, bringing you and your family delicious cups of coffee with just a few quick steps.
Smart TVs have really taken the world by storm. With so many great features and the ability to connect to the Internet, technology has changed the way we watch TV.
Refrigerators are familiar appliances in families. Refrigerators usually have 2 compartments, the cool compartment is spacious and has a light that automatically turns on every time the user opens it, while the freezer compartment is narrow and has no light.
Wi-Fi networks are affected by many factors beyond routers, bandwidth, and interference, but there are some smart ways to boost your network.
If you want to go back to stable iOS 16 on your phone, here is the basic guide to uninstall iOS 17 and downgrade from iOS 17 to 16.
Yogurt is a great food. Is it good to eat yogurt every day? What will happen to your body when you eat yogurt every day? Let's find out together!
This article discusses the most nutritious types of rice and how to maximize the health benefits of whichever rice you choose.
Establishing a sleep schedule and bedtime routine, changing your alarm clock, and adjusting your diet are some of the measures that can help you sleep better and wake up on time in the morning.
Rent Please! Landlord Sim is a simulation mobile game on iOS and Android. You will play as a landlord of an apartment complex and start renting out an apartment with the goal of upgrading the interior of your apartments and getting them ready for rent.
Get Bathroom Tower Defense Roblox game codes and redeem them for exciting rewards. They will help you upgrade or unlock towers with higher damage.
Let's learn about the structure, symbols and operating principles of transformers in the most accurate way.
From better picture and sound quality to voice control and more, these AI-powered features are making smart TVs so much better!
