Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Analyst: Bitcoin's breakthrough to $77,000 may be due to the optimistic sentiment in the crypto industry towards Trump's election victory

Analyst: Bitcoin's breakthrough to $77,000 may be due to the optimistic sentiment in the crypto industry towards Trump's election victory

Bitget2024/11/10 04:23
BTC+0.57%

CoinDesk senior analyst James Van Straten believes that even after the first breakthrough of $77,000, the price of Bitcoin seems likely to continue soaring. The breakthrough of Bitcoin to $77,000 may be due to the optimistic sentiment in the crypto industry about Trump's election victory. Interestingly, Bitcoin was not sold off but broke through previous highs on November 6th ($76,400), November 7th ($76,900) and November 8th ($77,200). Gold and US stocks are doing the same thing - setting new highs then breaking them again. Bitcoin has been hovering between $50,000 and $70,000 for seven months; although it has now broken through this price range investors are still patiently waiting for higher prices.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Former US Treasury Secretary Summers: Fed Policy Is "Too Loose," Inflation Remains the Top Issue
2
Lombard (BARD) surged after opening and then pulled back, now trading at $1.1109.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$117,194.68
+0.88%
Ethereum
Ethereum
ETH
$4,580.88
+1.81%
XRP
XRP
XRP
$3.12
+3.33%
Tether USDt
Tether USDt
USDT
$1
-0.01%
BNB
BNB
BNB
$994.72
+4.56%
Solana
Solana
SOL
$246.38
+5.04%
USDC
USDC
USDC
$0.9999
-0.00%
Dogecoin
Dogecoin
DOGE
$0.2813
+5.71%
TRON
TRON
TRX
$0.3465
+1.51%
Cardano
Cardano
ADA
$0.9150
+5.12%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter