The Bitcoin cryptocurrency token also crossed the $90,000 level on November 13. It hit its all-time high. The new president of the United States, Donald Trump, had promised to relax the rules on digital tokens, the impact of which is being seen in Bitcoin. In recent times a continuous upward trend has been observed in it. According to Livemint News, Bitcoin hit an all-time high of over $91,000 last Wednesday before falling to $90,670.
The record level of $93,480 was reached
The world’s largest cryptocurrency has become one of the biggest drivers this week since the election. It hit an all-time high of $93,480 last Wednesday before paring gains. It was last down slightly at $88,185, but is up 32 percent since the Nov. 5 election. The smaller ether equivalent is also up 37% since Election Day, while Dogecoin, a volatile alternative token promoted by billionaire Trump ally Elon Musk, is up more than 150%.
Very rapid growth was observed within a few days.
According to the news, in recent days after Trump won the US presidential election, there has been a very rapid growth of volatile digital assets. Bitcoin has left behind many of its own records. Let us tell you that Trump had said in his election campaign that he plans to make the United States the Bitcoin and cryptocurrency capital of the world. It is on the basis of his thinking that the digital currency is gaining momentum.
Investors should remain cautious
Experts believe that with Bitcoin reaching $90,000 and reaching its all-time high, investors should be cautious about the potential volatility ahead. This doesn’t mean we won’t reach $95,000 or $100,000 soon, but it does mean that BTC may plateau or pull back to regain its strength.
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