Bitcoin reached a new all-time high of $76,000 after Donald Trump's election victory, signaling a bullish market sentiment. The market is anticipating a 0.25% rate cut from the Federal Reserve, which typically benefits assets like Bitcoin by increasing liquidity and weakening the dollar. Traders are closely monitoring the Federal Reserve's actions and any signals from Fed Chair Jerome Powell's comments. There are concerns about potential hawkish policies, which could dampen market enthusiasm. Despite this, Bitcoin continues to perform well, with a 6.6% increase in the past 24 hours and 30-day gains of over 21%.
- Content Editor ( coindesk.com )
- 2024-11-07
What Next For Bitcoin After Trump Win? Traders Look to Fed Rate Cuts For Bullish BTC Move