Bitcoin surpasses $90,000 mark

After the US presidential election ended, Bitcoin continuously set new records, on the evening of November 13, Bitcoin was trading around 90,000 USD.

Many analysts say Bitcoin's rally is due to investors believing President-elect Donald Trump will enact regulations that are friendlier to the digital industry than the current administration.

In November alone, the coin increased in value by 30% and since the beginning of 2024, it has increased by 115%.

Bitcoin's market capitalization is currently approximately $1.735 trillion. Some analysts predict it could reach six figures in the coming months.

Expert Josh Giiiibert predicts that Bitcoin is likely to reach $100,000 in the near future. It is expected that the interest of investors will trigger a market similar to 2021.

However, there is still a risk that if Mr. Trump's tariff policy becomes a reality, it will increase inflationary pressure, negatively affecting the cryptocurrency market.

If inflation increases and leads to interest rate hikes by the US Federal Reserve, the price of Bitcoin and other digital assets could fall.

Source: https://kinhtedothi.vn/bitcoin-vuot-moc-90-000-usd.html