Bitcoin's sharp rise began on November 6, when Republican candidate Donald Trump won the election. On that day, Bitcoin hit $75,000 and continued climbing, surpassing $80,000 on November 10. Since the election, Bitcoin’s bull run has added nearly $500 billion to the cryptocurrency market, which now has a total capitalization of $3.16 trillion.
Ethereum, the second-largest cryptocurrency, also saw gains, trading at $3,392 on Wednesday, up from $3,220 just days earlier.
Trump’s campaign has openly embraced cryptocurrency, allowing supporters to donate 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 global interest in crypto surges, industry watchers are closely monitoring Bitcoin's next moves in a dynamic post-election market environment.
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