Bitcoin has skyrocketed since Donald Trump's re-election, hitting $111,000. Key figures from Trump's circle are attending the Las Vegas Bitcoin conference, indicating strong ties to the crypto market. The surge raised questions about the administration's integrity and the influence of Trump and his family in the industry. Bitcoin previously faced declines but rebounded following new SEC approvals for Bitcoin ETFs under the Trump administration, contrasting with the regulatory challenges seen during Biden's tenure. Overall, Trump's crypto policy experiences a significant shift in favor of the industry, reflecting broader market trends.
Bitcoin has surged 60 percent since Trump's re-election in November 2024, reaching current highs of $111,000.
Trump's favorable view of cryptocurrency and his family's heavy involvement in the industry is raising concerns about the integrity of Trump's administration.
The cryptocurrency briefly dropped below $90,000 on February 25, amid market jitters triggered by Trump's announcement of new tariffs.
The SEC approved 11 spot Bitcoin ETFs in January 2024, signaling a more favorable climate for cryptocurrency under the new Trump administration.
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