BTC/Gold Index Sees Biggest Single-Day Surge Since 2022 Following Trump’s Election Win

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BTC/Gold Index Sees Biggest Single-Day Surge Since 2022 Following Trump’s Election Win The BTC/Gold index soared by 12% on November 6, marking Bitcoin’s most significant single-day outperformance against gold since early 2022, according to CoinDesk, which cited TradingView data.

As funds and corporations allocate portions of their portfolios to Bitcoin, demand pressures may drive Bitcoin’s price higher, widening the gap with gold.

Anticipation of Regulatory Clarity: Trump’s pro-Bitcoin stance has bolstered expectations for regulatory policies that could make it easier for institutions to adopt and hold Bitcoin, thereby strengthening its appeal as a mainstream asset.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: BTC/Gold Index Rise Trump Victory Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 18:40:51 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 651 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23464504

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 30 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

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