A week after the US presidential election, Bitcoin continues to set new records. On the evening of November 13, the world's largest cryptocurrency increased by 2.8% and broke the $90,000 mark.

Many analysts attribute its rise to investors believing President-elect Donald Trump will enact regulations friendlier to the cryptocurrency industry than the current administration.

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The cryptocurrency market became active after Donald Trump was elected President of the United States. Photo: Cryptonews

The cryptocurrency market has recorded unprecedented growth for Bitcoin in recent days. In November alone, the currency increased its value by 30% and since the beginning of 2024, it has increased by 115%.

Trump’s statements on cryptocurrencies, including his pledge to make the US “the crypto capital of the planet” and his intention to replace US Securities and Exchange Commission Chairman Gary Gensler, have further bolstered investor confidence.

Bitcoin's market capitalization is currently around $1.735 trillion. Some analysts predict it could reach six figures in the coming months.

Expert Josh Giiiibert predicts that with this increase, Bitcoin price is likely to reach $ 100,000 in the near future. He notes that the new wave of investor interest will trigger a "craze" similar to the market in 2021.

Still, risks remain. If Trump’s tariff policy becomes a reality, it will increase inflationary pressures, negatively affecting the cryptocurrency market.

Cryptocurrencies, which are considered “safe havens,” thrive in an environment of low interest rates and abundant liquidity.

If inflation increases and is followed by interest rate hikes by the US Federal Reserve, the price of Bitcoin and other digital assets could fall.

(According to Cryptonews)