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With Trump's victory, Bitcoin is once again experiencing a major explosion. On November 12, Bitcoin's price approached $90,000. The bullish sentiment in the market continues to be high, and it is expected that there is still room for further upside. Analysts believe that the "Trump trade" is realizing its power, and although it faces regulatory risks and market volatility, Bitcoin's long-term investment value is still optimistic. At the same time, the relaxation of US regulatory policies may bring a new round of positive news to the crypto market.
Bitcoin approaches the $90,000 mark
Since breaking through the $80,000 mark, Bitcoin's gains have continued in the past two days. On November 11, Bitcoin surged from $80,000, reaching around $84,000. On the morning of November 12, OKX's market data showed that Bitcoin broke through $89,000, approaching $90,000, with a 24-hour increase of 11.52%, setting a new historical high.
In addition to Bitcoin, the overall cryptocurrency market has also seen an upward trend. Ethereum broke through $3,345, reaching its highest level since late July; Dogecoin (DOGE) rose 19.57%; CRO rose 33.99% intraday; WLD rose 27.57% intraday.
Regulatory relaxation may bring a new round of positive news to the crypto market
With Bitcoin breaking through $89,000, its market capitalization has surpassed silver and the Vanguard Total Stock Market ETF, ranking eighth in global asset market capitalization, currently around $1.757 trillion.
Jeffrey Ding believes that the "Trump trade" is now beginning to truly realize its power, and Bitcoin still has room for further upside. At the regulatory level, regardless of who becomes the SEC chairman, they will relax regulations. Especially the passage and implementation of the FIT21 Act may open a new door for the crypto market.
Layout 3 Altcoins with gains up to 100 times!
1.SOL
Solana (SOL) is currently trading at $207, with its 24-hour trading volume also rising sharply to $22.12 billion, and its market capitalization reaching $104.56 billion, accounting for 3.45% of the entire cryptocurrency market. Looking back over the past year, Solana's price has risen 281%, outperforming 81% of the top 100 cryptocurrencies, and during this period, its market performance has been stronger than Bitcoin and Ethereum.
2.doge
In the past few cycles, the truly "out-of-circle" tokens in the crypto world can be counted on one hand, only Bitcoin and Dogecoin have been able to achieve this. This round will be stronger than the last! The second strongest coin after BTC, the biggest opportunity in this bull market, is undoubtedly Dogecoin, with a current market capitalization of only $50 billion, the target should be at least $500 billion. Bitcoin belongs to Wall Street, while Musk is shaping Dogecoin into a Bitcoin.
3.PNUT
The MEME coin Pnut has become a popular object of speculation for Degens, with its market capitalization surpassing $100 million in just one day, a trend related to the news of the "arrest" and euthanasia of the American internet celebrity squirrel Peanut, which should subsequently drive related animal protection legislation, with Trump and Musk both reposting it, a key event in the election flow. And the departed have become eternal, the best things will continue to spread. The upside is high.
In the crypto industry, if you want to seize the next bull market opportunity, you need to have a quality circle, vx: alpha6858 (add and chat to join the group)
