Investing.com– Bitcoin rose sharply on Tuesday, extending recent gains and notching new peaks as bets on friendlier regulation under a Donald Trump presidency continued to boost crypto markets.
The world’s biggest cryptocurrency has been on a tear since last week after Trump won the 2024 presidential election. Bitcoin has also largely sustained its rally despite signs that risk appetite was cooling in other asset classes, especially stocks.
Major altcoins also rose sharply on Tuesday, with meme token Dogecoin rallying nearly 42% and reaching its highest level since May 2021.
traded up 5% at $85,933.0 by 09:15 ET (14:15 GMT), seeing a small pullback after hitting a record high of $89,436.1 earlier in the session.
Trump trade persists, Bitcoin shrugs off dollar strength
Bitcoin rose despite pressure from a stronger on broader financial markets, as speculation over Trump’s…
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