Bitcoin's price soared over $100,000, marking a significant rally. This surge was driven largely by the election of Donald Trump, who promotes cryptocurrency.
Since Election Day, Bitcoin's gains exceeded 40%, markedly outperforming the S&P 500's 2.4% rise, reflecting growing investor confidence in the cryptocurrency sector.
Trump's commitment to bolstering the crypto sector and reducing regulations contrasts sharply with the previous administration's approach, signaling a potential systematic shift.
The post-election momentum not only benefited Bitcoin but also caused substantial increases across other cryptocurrencies, including Ethereum, dogecoin, and platforms like Coinbase.
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