Bitcoin Hit New All Time High : What Next for Crypto Market Under Trump’s Presidency?

Share This Post

Bitcoin Hit New All Time High : What Next for Crypto Market Under Trump’s Presidency?

The post Bitcoin Hit New All Time High : What Next for Crypto Market Under Trump’s Presidency? appeared first on Coinpedia Fintech News

Democratic candidate Kamala Harris has conceded her defeat in the US election, marking the beginning of a new era led by Republican leader Donald Trump, who has secured at least 295 electoral votes as against Harris’ 226. This is the second time that Trump has been chosen by the US electorate to head the White House.

It was in 2016 that he was elected for the first time. Notably, during his first presidency, the Bitcoin market grew by an astounding 2372.05%. This time, throughout the election campaign, Trump positioned himself as a pro-crypto leader. So, the crypto community is eagerly watching to see how far the BTC market will advance in his second term. Let’s examine the scenario in depth. 

Bitcoin’s Journey Since Trump’s First Election Victory 

It was on November 8, 2016, that Trump was first elected to the highest seat of power. On that day, the price of BTC was around $600. He was ousted from the seat when he suffered a defeat on November 3, 2020. By then, the price had reached $14,033.10. During the Biden presidency, the BTC market saw growth of 394.45% – significantly lower than the growth achieved during Trump’s first term. 

Anticipation for Growth Under Trump’s Second Term 

Trump, during the campaign, pledged that he would introduce pro-crypto policies. Additionally, he vowed to remove US SEC Chairman Gary Gensler, who is unpopular among the crypto community for his aggressive anti-crypto stances. Experts anticipate that the crypto market could witness massive growth during the upcoming Trump presidency. The entire crypto market has seen a 0.3% growth in the last 24 hours in terms of market cap. 

Crypto Market Optimism Following Trump’s Win 

Almost all the leading cryptos have experienced growth in the last 24 hours. Last day alone, the Bitcoin market recorded a surge of 8.93%, creating a new all-time high. The Ethereum market has registered a rise of 8.3% in the last 24 hours. Solana, BNB, XRP, Lido Staked Ether, Cardano, and Avalanche are among the cryptos that have experienced growth during the same period. 

In conclusion, as Trump’s term unfolds, the crypto market will watch closely to see if Bitcoin’s growth continues as dramatically as it has over the last eight years. 

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Why is Toncoin (TON) Rising Today?

The post Why is Toncoin (TON) Rising Today appeared first on Coinpedia Fintech News Today, March 16, 2025, Toncoin (TON) is making waves in the cryptocurrency market following the release of Telegram

Vaneck’s New ETF Proposal Aims to Bring Avalanche’s AVAX to Traditional Markets

Asset manager Vaneck has filed with the US Securities and Exchange Commission (SEC) to launch the Vaneck Avalanche ETF, a first-of-its-kind fund designed to track the market price of AVAX, the native

Crypto Podcaster Jailed For 45 Months In Fraud Case – Details

The US Department of Justice (DOJ) has announced a crypto podcaster and online personality known as TJ Stone has been sentenced to prison on a count of wire fraud The convict allegedly swindled

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

The post Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1 appeared first on Coinpedia Fintech News Story Highlights The price of Dogecoin today is Dogecoin price may reach a

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

The post Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2 appeared first on Coinpedia Fintech News Story Highlights The live price of the Cardano token is ADA coin price could

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

The post Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next appeared first on Coinpedia Fintech News Story Highlights Solana Price Today is Solana price could reach a