CandleFocus Bitcoin predicted to hit $100k by Inauguration Day amid record pre-market equities trading
2024-11-06
Author: Content Editor
Bitcoin has hit a new all-time high of $75,000 after Donald Trump's US presidential election win, reflecting market optimism for potential policy shifts favoring digital assets. A report by Copper.co suggests that Bitcoin's upward trajectory may continue, with a forecast of a $100,000 Bitcoin by the time the new US President is inaugurated. The report is based on historical ETF accumulation trends and current market data. The increasing ETF holdings indicate growing institutional interest in using Bitcoin as a hedge against economic uncertainty. Market analysts hope that Trump's victory will lead to fiscal policies that favor crypto adoption and investment. Ethereum, on the other hand, is expected to face challenges despite favorable supply trends, with a low chance of reaching a new all-time high this year.
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