As Donald Trump makes a comeback in the US elections, breaking many Democrat hearts across the nation, the former President’s win has ignited a crypto frenzy that has sent bitcoin to a record high. Bitcoin has reached a new all-time high of $76,000, marking a significant milestone in the digital asset market.
Ryan Lee, Chief Analyst at Bitget Research, gives an expert analysis of the crypto market. “In the short term, with Trump re-elected as president, the initial response may involve sidelined funds entering the market out of fear, driving the BTC price to new highs. The BTC ETF may see net inflows in the coming trading days, indicating that Wall Street institutions are optimistic about the market’s outlook. The long-to-short ratio of accounts in the futures market is below 1, suggesting that institutional investors in the crypto market are taking long positions through futures. The market is currently in a consensus phase of going long.
“In the medium to long term, Trump’s election could benefit BTC, but his policy direction may also increase inflation in the US, with interest rates potentially staying above 3.5% over the medium to long term. With the Republican sweep in Congress, there may be favorable developments in the regulatory framework for the crypto market, which would be a long-term positive for the industry.” — Ryan Lee, Chief Analyst at Bitget Research
“In the medium to long term, Trump’s election could benefit BTC, but his policy direction may also increase inflation in the US, with interest rates potentially staying above 3.5% over the medium to long term. With the Republican sweep in Congress, there may be favorable developments in the regulatory framework for the crypto market, which would be a long-term positive for the industry,” he says.
Dilip Chenoy, Chairperson of Bharat Web3 Association, said, “This surge is largely attributed to the favorable political climate of Donald Trump’s return to the presidency, which many believe will boost the adoption and regulation of virtual digital assets (VDAs). As institutional confidence grows, we believe this price increase could pave the way for more balanced regulatory frameworks and mainstream acceptance, enhancing the stability of the digital asset ecosystem.”
“As institutional confidence grows, we believe this price increase could pave the way for more balanced regulatory frameworks and mainstream acceptance, enhancing the stability of the digital asset ecosystem.”— Dilip Chenoy, Chairperson of Bharat Web3 Association
In the wake of Donald Trump’s election victory, Bitcoin soared above US$76,000, marking a new all-time high, while Ethereum climbed above US$2,839 and Solana approached US$190.
“This surge reflects the optimism surrounding Trump’s pro-crypto stance, which is expected to foster a more favorable regulatory environment for digital assets.” — Shivam Thakral, CEO of BuyUcoin
“This surge reflects the optimism surrounding Trump’s pro-crypto stance, which is expected to foster a more favorable regulatory environment for digital assets. The market is gaining momentum, with a few DeFi assets gaining traction. Investors expect sustained momentum as market participants react to the election results, suggesting that this surge could pave the way for further growth in the crypto sector,” says Shivam Thakral, CEO of BuyUcoin.
Anish Jain, Founder, WadzChain, said that they view this achievement as a testament to the maturing crypto landscape, where blockchain technology is increasingly recognized for its potential to drive transparency, efficiency, and inclusivity in financial systems worldwide.
“This milestone is not only indicative of Bitcoin’s resilience but also highlights the deepening integration of cryptocurrencies into mainstream finance and their recognition as viable assets among institutional and retail investors alike.” — Anish Jain, Founder, WadzChain
“Bitcoin reaching an unprecedented high of $76,000 is a pivotal moment, reflecting the rising trust and demand for decentralised financial assets on a global scale. This milestone is not only indicative of Bitcoin’s resilience but also highlights the deepening integration of cryptocurrencies into mainstream finance and their recognition as viable assets among institutional and retail investors alike.
“We remain dedicated to advancing secure, innovative, and accessible blockchain solutions that empower users and organisations to fully participate in this evolving digital economy. With continued growth in adoption, we are optimistic about a future where decentralised finance bridges traditional markets with emerging digital ecosystems, creating new opportunities for financial empowerment,” he said.
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