Bitcoin Closing In Fast On $90,000 As Post-Election Rally Continues

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Bitcoin Closing In Fast On $90,000 As Post-Election Rally Continues - NewsBTC

Quick Summary:

And that means a supply shock has… pic.twitter.com/XkwPoPxrj2 — Jesse Myers (Croesus 🔴) (@Croesus_BTC) November 11, 2024 The Trump Pump’ City Index senior market analyst Matt Simpson called the recent price movement in the cryptocurrency market a "Trump Pump”, explaining that many investors are betting that the Trump administration will pave the way for more cryptocurrency adoption.

Crypto investors are getting excited about the latest price surge of Bitcoin, which occurred only days after the US election, fueled by favorable market sentiment toward the digital currency industry.

Just several days after Donald Trump reclaimed the White House, Bitcoin price has been moving upward as the upcoming administration offers a favorable treatment of the cryptocurrency sector.