Launch App

Title: Trump’s Win Ignites a Surge in Crypto Stocks and Targets a $110K Bitcoin Rally

by aria-crypto.com

November 6, 2024 at 20:00


Title: Trump’s Win Ignites a Surge in Crypto Stocks and Targets a $110K Bitcoin Rally



Investors in cryptocurrency-related stocks such as Coinbase and MicroStrategy are witnessing significant gains following Donald Trump's presidential election win, signaling a positive outlook for the crypto sector. Coinbase, the largest U.S. crypto exchange, saw its stock value jump by over 31%, while MicroStrategy experienced a 13% increase, emphasizing their commitment to Bitcoin investment. The surges come as Bitcoin hit a new all-time high of $75,767 and is expected to climb towards a $110,000 target, buoyed by optimistic market trends.



Crypto analysts predict that with a pro-crypto president, there could be a 47% return on investment for Bitcoin from the current levels. The "cup-and-handle" pattern, a technical indicator suggesting a bullish continuation, supports this significant price rally. Additionally, unusual trading volumes and the turning of the Bitcoin Coinbase Premium Index into positive territory indicate a strong demand for Bitcoin from U.S. retail investors. This collective market movement showcases the direct impact of the political climate on cryptocurrency investment and its potential trajectory under Trump's leadership.


Follow us on social media

Read more

>> BlackRock's Bitcoin ETF Surges Following Trump's Election Victory

BlackRock's iShares Bitcoin Trust (IBIT) recorded a monumental trading volume of $4.1 billion, marking its highest-ever in a single day, spurred by Donald Trump's presidential win. This surge saw Bitcoin reach ...

>> Rise in Crypto Stocks and Prediction Markets After Trump's Victory

United States crypto stocks experienced massive gains following Donald Trump’s election win, signaling a bullish sentiment among investors. On November 6th, Coinbase Global Inc saw a notable increase of 31.11%,...

>> Title: U.S. Senate Sees Crypto-Friendly Shift with Republican Majority

In the aftermath of the 2024 elections, Wyoming Senator Cynthia Lummis announced plans to advance the establishment of a strategic Bitcoin reserve in the United States. Following the elections, where Republican...

>> Trump's Triumph May Usher in a New Era for Ripple and Cryptocurrency Regulation

Donald J. Trump's re-election as President could significantly transform the cryptocurrency landscape, particularly impacting the ongoing Ripple vs. SEC lawsuit. Trump has indicated plans to dismiss SEC Chair G...

>> Donald Trump's Victory Fuels Optimism in the Cryptocurrency World

Pro-crypto President Donald Trump's recent victory in the 2024 U.S. presidential election has sent waves of optimism across the cryptocurrency markets, with Bitcoin reaching a new all-time high above $75,000. H...

>> Navigating the New Global Stablecoin: Insights into the USDG Network

Kraken, Robinhood, and several other notable crypto firms have united with Paxos to launch the Global Dollar Network, an initiative aimed at boosting stablecoin adoption worldwide. This network introduces a new...

>> Standard Chartered Forecasts Bitcoin to Hit $200,000 by 2025 Amid Trump's Crypto-Friendly Policies

Standard Chartered predicts that Bitcoin’s recent surge past $75,000 is only the initial phase of a significant bullish trend. The bank's Head of Global Digital Assets Research, Geoff Kendrick, forecasts a rise...

>> Ripple CEO Celebrates Election Outcomes, Envisions Boosted Crypto Regulation and Legal Outcomes

Ripple CEO Brad Garlinghouse celebrated the election of pro-crypto candidates, including notable figures like Bernie Moreno and Kirsten Gillibrand, on November 6, 2024, heralding it as the rise of the "crypto v...

>> "Greatest Comeback Story of All Time": Trump's Re-Election Bolsters Crypto Optimism

“The Greatest comeback story of all time" - this is how Nic Carter of Castle Island Ventures described Donald Trump's reelection as Trump clinched victory in the U.S. presidential race. His triumph was bolster...

All the latest crypto news in one place

Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.

Launch Terminal
news aggregator