Bitcoin, the most used and well-known cryptocurrency on the market, marked, this Sunday, November 10, new highs after rise more than 4%, so that is approaching $80,000 for the first time in history.
(See: Will the United States be the ‘oasis’ of bitcoin after Donald Trump’s electoral victory?).
According to market data collected by the agency EFE, the virtual currency has come to be above $79,500, a new record, It has already accumulated six days on the rise.
Last Wednesday, November 6, it revalued more than 9%, after Donald Trump’s electoral victory in the United States.
Trump has supported the main cryptocurrency throughout the presidential campaign, announcing that he would make the country the largest holder of this asset if elected, according to experts.
(See: Trump’s return to the presidency boosted bitcoin: what is its price in Colombia?).
In this year, bitcoin appreciates more than 70%, and analysts at Binance (cryptocurrency exchange entity) attribute the rise to a combination of “macroeconomic trends and strategic financial innovations, with the US elections as the main significant driver of this increase“.
Bitcoin.
Another important factor, remember, was the launch of spot bitcoin exchange-traded funds (ETFs) in the United States in January 2024, “a significant milestone that has amplified institutional participation in the crypto space“.
(See: How the crypto wave is impacting the Latin American financial ecosystem).
The main financial giants, such as BlackRock and Fidelity, They launched spot Bitcoin ETFs, garnered huge interest, and introduced the cryptocurrency into mainstream investment portfolios, they explain.
According to Binance data, Bitcoin spot ETFs accumulate more than $63 billion, which represents 5.2% of the total supply of this cryptocurrency.
(See: Factors that could influence the valuation of cryptocurrencies in the remainder of 2024).
EFE
