Sunday , December 29 2024

Trump's victory boosts crypto markets, Bitcoin at all-time high, Elon's Dogecoin jumps 90 percent

Image 2024 11 11t165357.548

Bitcoin All Time High: Since the victory of President Donald Trump in America, crypto currency has witnessed manifold growth. Bitcoin has crossed the $81,000 mark for the first time amid hopes that the digital asset industry will pick up pace. Elon Musk's favorite coin Dogecoin has increased by 89.92 percent in six days after Trump's victory. The price of Dogecoin was $0.1538 on November 5, which increased to $0.2966 yesterday.

Bitcoin at all-time high

Bitcoin has reached a record high of $81858.29 today. It was trading 3 percent higher today at $81,787.81, after rising 4.7 percent to $80,092 on Sunday. Elon Musk's Dose coin is also moving forward with a big jump. Which was trading today at $0.2824 with a gain of 20.68 percent. The volume in Dogecoin is continuously increasing.

America's role in digital assets is important

The US role in digital assets is already important. In his campaign, Trump promised to strengthen the US role in digital assets, including the strategic build-up of Bitcoin reserves and the appointment of pro-crypto regulators. Crypto investors are expressing optimism that Trump's victory will send the digital currency to new highs.

Stock market, Bitcoin get half the returns of gold!

The cryptocurrency market is growing rapidly due to the increasing demand for Bitcoin exchange traded funds and interest rate cuts by the Federal Reserve. So far in 2024, Bitcoin has seen a return of 91 percent. Whereas an average return of 30 percent in gold-silver and 24-26 percent in Sensex-Nifty has been released.

Status of Top Crypto Currencies

Description Last Price ($) Difference
Bitcoin 81858.47 3.10%
Ethereum 3179.5 -0.71%
tying rope 1.00 0.04%
solana 211.5 2.91%
bnb 621.71 -2.10%
dogecoin 0.2843 21.08%