Donald Trump's win over Kamala Harris in the 2024 US presidential election has significantly impacted the cryptocurrency market, particularly boosting Bitcoin's value. The Coinbase Premium Index rose as a result, with Bitcoin's price surpassing the $73,000 mark, marking a new all-time high.
The market has experienced substantial growth, with Bitcoin increasing by more than 10.61% since November 5. This surge is attributed to the perceived pro-business stance of the Trump administration, which investors believe will favor the cryptocurrency sector.
As investors react positively to political changes, questions arise about the potential longevity and momentum of this market trend. Observers are keenly watching if Bitcoin's ascent will continue under the new administration.
