Trump's Win Pushes Bitcoin Over $93K, But Can It Sustain This Massive Rally? | Firstpost Tech & Trade

The cryptocurrency market, led by Bitcoin, is experiencing a bit of euphoria after the US election. The victory of crypto-friendly candidate Donald Trump has helped it surge to new highs almost daily. The world's largest cryptocurrency, Bitcoin, has more than doubled its value since November 5. Bitcoin now has a new record high of over $93,400. Not just Bitcoin—other cryptocurrencies like Ethereum, Solana, and Dogecoin have also seen significant gains. Analysts say Trump’s pro-crypto stance, including promises to make the US the "crypto capital of the world," has fueled market optimism. His support for digital currencies contrasts with the Biden administration's regulatory crackdowns, which have led the market into a frenzy. But as Bitcoin continues its upward push, some analysts are warning of a potential bubble, raising concerns about the long-term sustainability of this rally. So, are we seeing another crypto bubble form in the market? Let’s try to understand.

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Cryptocurrency | Bitcoin | Donald Trump | US | Election | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News

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