The growth of Bitcoin and other cryptocurrencies was led by the victory of Donald Trump in the US presidential election.
Growing for the third day in a row, Bitcoin set a new record during trading on November 20. This was confirmed by CoinDesk data on Wednesday, November 20.
For the first time in history, the major cryptocurrency surpassed $94,000, reaching a high of $94,324.
This week, the cryptocurrency market, led by Bitcoin, continued its rally after a brief pause and partial profit-taking. The recovery gave way to a new wave of buying, pushing the price to the psychological level of $100,000.
The growth of digital assets was supported by the market’s reaction to Donald Trump’s victory in the US presidential election. Investors expect that the new administration will have a more friendly attitude towards the cryptocurrency sector.
As you know, the victory of Donald Trump in the US presidential election led to the growth of Bitcoin and other cryptocurrencies. The Republican candidate has publicly expressed support for digital assets.
Against this background, market participants are increasing their bets that Bitcoin will reach the height of $100 thousand this year.
It was also recently noted that the meme cryptocurrency Dogecoin grew by almost 20%. This was after Trump announced the creation of a Department of Government Efficiency, which he called DOGE. It will be led by Tesla CEO Elon Musk and Strive Asset Management co-founder Vivek Ramaswamy.
Source: korrespondent
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