High expectations for Trump's victory and his support for cryptocurrencies may boost Bitcoin. Changes in SEC regulations could also encourage the adoption of cryptocurrency projects.
Bitcoin's price movement depends on factors like tax rates and global economic uncertainty. It could become a global 'haven' amid geopolitical turmoil and a weakening U.S. dollar reserve.
Bitcoin's price could rise by 5.5% with increased investor confidence. Monitoring ETF flows is crucial. U.S. Bitcoin spot ETFs hold $52.22 billion in reserves.
Ethereum fell 1% as the SEC approved Ethereum spot ETFs. New York Stock Exchange is set to list Grayscale Ethereum Trust and Bitwise Ethereum ETF, indicating potential growth.
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