Proactive Investors – Bitcoin remains well bid following its shock-and-awe rally above $90,000 for the first time in its 15-year lifetime.
The world’s largest cryptocurrency smashed through this lofty price point on the back of pro-crypto president-elect Donald Trump’s successful presidential campaign.
Nine days after Trump’s sweeping victory over Kamala Harris, bitcoin has surged around 34% on the spot markets, adding well over $400 billion to its now-$1.8 trillion market capitalisation.
Bitcoin exchange-traded funds have raked in more than $4.7 billion in investor funds, largely thanks to Blackrock’s iShares Bitcoin Trust (IBIT) product.
With the markets as red hot as they are, those bullish $100,000-by-end-of-2024 price predictions that some analysts had on the chalkboards earlier this year don’t appear as far-fetched as they seemed.
Bitcoin is up 21% week on week – Credit: tradingview.com
That being said,…
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