Donald Trump, bitcoin price
Bitcoin bounced back early Tuesday morning, stoking hopes that the symbolic $100,000 mark is within arm’s reach.
In the past 24 hours, Bitcoin’s price climbed 6.8% to $87,600, while Ethereum is up 3.3%. Many altcoins followed suit. Avalanche is up 8.4%, Dogecoin gained 35.1%, Shiba Inu added 2.5%, BNB rose 1.1%, and XRP saw a 9.9% bump.
While Trump’s election victory might be the biggest driver for now, it’s far from the only factor fueling Bitcoin’s surge.
Behind the scenes, broader trends—ranging from a post-halving supply squeeze to favorable macroeconomic developments—are helping to push crypto prices higher.
Crypto insiders believe these factors, rather than Trump’s victory, are the true long-term drivers behind Bitcoin’s rise.
Trump’s victory is a short-term catalyst but not a game-changer
Trump’s return to the White House has certainly been a major headline…
