Connect with us

Hi, what are you looking for?

Cryptocurrency

Bitcoin Soars to Record $89,000 Amidst Crypto Market Rally – Ravenewsonline

Stack of cryptocurrencies. Bitcoin and most important cryptocurrency concept

Bitcoin, the world’s largest cryptocurrency by market capitalization, soared to a new record high of $89,360 on Tuesday, November 12, rising 9.6% in a single morning.

The latest data from CoinMarketCap highlights Bitcoin’s continued rally following the U.S. presidential election.

Bitcoin’s sharp climb began on November 6, when Republican candidate Donald Trump won the election. On that day, Bitcoin reached $75,000 and continued its ascent, surpassing $80,000 on November 10. Since the election, Bitcoin’s bull run has added nearly $500 billion to the cryptocurrency market, which now boasts a total capitalization of $3.16 trillion.

Ethereum, the second-largest cryptocurrency, also experienced gains, trading at $3,392 on Wednesday, up from $3,220 just days prior.

Trump’s campaign has openly embraced cryptocurrency, allowing supporters to make donations in Bitcoin, Ether, and Dogecoin. This, along with Trump’s recent promotion of World Liberty Financial—a crypto venture launched by his business partners aiming to raise $300 million—has contributed to the positive market sentiment.

As crypto interest surges globally, industry watchers are keenly observing Bitcoin’s next moves amid a dynamic post-election market environment.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

Tech

European Union has fined Meta nearly €800 million for violating antitrust laws by automatically granting Facebook users access to its classified ads service, Facebook...

Tech

In the lead up to Anambra Innovation Week 2024, in a landmark collaboration poised to position Anambra State as Africa’s Silicon Valley, the United...

Security & Crime

The Honourable Minister of Defence H.E Mohammed Badaru Abubakar CON mni has called on the Nigerian Airforce to intensify the use of their various...

Business

Commander Mitchell Ofoyeju, the Tincan Island Port Commander of the National Drug Law Enforcement Agency (NDLEA), has expressed his admiration for QNET for championing...