As a seasoned crypto investor who has weathered numerous market cycles, I must admit that witnessing Bitcoin break the $90,000 barrier is nothing short of exhilarating. My first foray into this digital gold rush was back when Satoshi Nakamoto mined the genesis block in 2009, and seeing BTC reach such heights feels like a testament to the power of decentralization and the potential of blockchain technology.
Recently, the value of Bitcoin surpassed $90,000, marking a significant achievement amid an unprecedented surge in its price that began following the 2024 U.S. Presidential Election victory of Donald Trump.
On November 12, at precisely 12:56 Pacific Standard Time, Bitcoin (BTC) reached a high of $90,000 on Coinbase, marking an 11% increase in its value compared to the previous 24 hours, according to data from TradingView.
The cryptocurrency is now just over 11% away from reaching $100,000.
Experts suggested that Bitcoin‘s value might reach six figures if Trump won the presidency, given his pro-cryptocurrency stance during his campaign.
After the U.S. election on November 5th, Bitcoin has experienced a rise of approximately 30%. This increase coincides with a general surge in the cryptocurrency and stock markets as well.
Since the start of trading on November 5th, the stocks of crypto exchange Coinbase have surged by approximately 75%, reaching a level not seen in almost three years. On November 11th, these shares closed with an increase of nearly 20% to $324.24, according to Google Finance.
On November 11th, U.S.-located cryptocurrency miners such as Marathon Digital Holdings experienced a nearly 30% surge in value, whereas other companies in the sector, including CleanSpark and Hut 8, also saw significant gains of over 25%.
Over the past few days since the election, the S&P 500 index, representing the 500 largest American corporations, has experienced a notable increase of approximately 4.25%. Remarkably, this index reached an all-time high of $6,000 for the very first time on November 11th.
Currently, the popular altcoin Solana (SOL) has experienced a significant increase of approximately 35%, climbing as high as $222 on November 11. This peak represents its highest point since December 2021, and it coincides with broad advancements across the crypto market.
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2024-11-13 00:12