After the election of Donald Trump, the 47th US President, the total capitalization of the cryptocurrency market reached a record mark of $ 3.2 trillion, beating the previous maximum of 2021. Analysts associate this with the election of Trump and several legislators who openly support cryptocurrency to Congress. This caused a wave of optimism among investors, removing some of the uncertainty about further regulation in the United States.
According to Coingcko, the greatest growth was shown by Bitcoin, which reached a historic maximum - $ 93 480. This jump has actually doubled its value since the beginning of the year, and after the election on November 5, cryptocurrency increased by 30%.
"Usually bitcoin makes a breakthrough, which is followed by other altcoins," said the Chief Investment Director of Astronaut Capital Matthew Dibb, adding that a similar effect was observed during previous market climbs. Investors expect Bitcoin in the near future to reach a symbolic line of $ 100,000, as market capital continues to grow.
Trump, known for its support for digital assets, additionally increased the expectations of market players who are currently active in cryptocurrency. Against the background of this boom, enthusiasts predict further growth of bitcoin and other digital assets by the end of the year.
