After Donald Trump was elected as the next US president, the prices of major cryptocurrencies, including bitcoin, reached local or all-time highs. Bitcoin, in particular, experienced significant gains, rising from below $70,000 to nearly $100,000 since the election. The surge has been attributed to the popularity of US-based spot Bitcoin ETFs, which attracted substantial investment flows, with BlackRock leading the pack. Additionally, analytics platform Santiment noted that the prevailing bearish sentiment on social media may have contributed to the price rally, as crypto markets often move against the majority's expectations. However, despite coming close, bitcoin has not yet reached the coveted $100,000 milestone, and the possibility of a correction looms amid increasing levels of greed.



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