BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

‘Trump Trade’ Continues as Bitcoin Breaks $90,000; Here is Why a $100,000 BTC in 2024 is Possible

by Sham
November 12, 2024
in CRYPTO
Reading Time: 3 mins read
A A
3
SHARES
48
VIEWS
Share on XShare in TelegramShare on Reddit

• Bitcoin price broke above $90,000 on Tuesday, setting a new all-time high and securing the milestone after a close call late Monday.
• Bitcoin’s surge is attributed to the “Trump Trade,” with analysts viewing it as a high-conviction play following Donald Trump’s re-election and anticipation of crypto-friendly policies.
• Bitwise’s Chief Investment Officer Matt Hougan expects Bitcoin to breach $100,000 by year’s end and $200,000 by the end of 2025.

Bitcoin has been on a historic bull run, spiking to new heights on Tuesday and setting an early precedent for what analysts forecast is just the beginning. The leading cryptocurrency rose above $90,000 on Tuesday afternoon, securing the milestone after a close call late Monday.

BREAKING: BITCOIN $BTC SURPASSES $90,000 FOR THE FIRST TIME IN HISTORY 🚀 pic.twitter.com/vtW4aWOQMW

— BlockNews (@blocknewsdotcom) November 12, 2024

Bitcoin Hits New Highs

The asset is up 115% this year, more than doubling its January 1 price of $42,000. Meanwhile, crypto‘s total market capitalization has peaked above $3.1 trillion, breaking its November 2021 record of approximately $3.07 trillion.

Bitcoin rose above $90,000 on Tuesday afternoon, Coinbase data shows. It comes amid a surge in bullish sentiment across digital assets and broader equities following President-elect Donald Trump’s successful return bid for the White House last week.

Dubbed the “Trump Trade,” analysts previously told Decrypt they view Bitcoin and digital assets as a high-conviction play, particularly following the former president’s inauguration on January 20.

Market Reaction

With the election overhang now behind us, the rally in crypto markets appears sustainable, buoyed by positive forward signals from the US, according to Julien Auchecorne, head of Auros Ventures.

Exceeding forecasts made earlier in the year, the S&P 500 also rose above 6,000 points briefly for the first time last week, bolstered by a dovish US Federal Reserve and easing interest rates. That’s expected to lower borrowing costs and fuel further momentum into risk assets, including crypto.

Price Predictions

So where to from here? Bitwise’s Chief Investment Officer Matt Hougan expects Bitcoin to breach $100,000 by year’s end and $200,000 by the end of 2025. Others, including New York’s global investment management and research firm Bernstein, have offered similar targets.

Meanwhile, Bitwise’s European Head Bradley Duke sees crypto riding on strong tailwinds—at least for the foreseeable future—with a changing political landscape in the US likely to usher in a “golden age” for the industry.

Conclusion

For now, Bitcoin doesn’t seem to care about any potential risks on the horizon. The cryptocurrency continues to surge to new highs amid growing institutional adoption and bullish sentiment around digital assets. With Trump’s pro-business policies expected to further boost momentum, analysts remain overwhelmingly optimistic about Bitcoin’s trajectory over the next few years.

Tags: Bitcoinbullishcryptocurrencydigital assetsTrump Trade
Tweet1ShareShare
Previous Post

Here is Everything You Need to Know About Coinbase’s 50 Index Fund

Next Post

XRP Surges to $0.75 as Rumors Swirl of Ripple-Trump Talks

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme
CRYPTO

Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme

July 1, 2025
FARTCOIN Surges 148%—Is the Meme Just the Beginning?
CRYPTO

FARTCOIN Surges 148%—Is the Meme Just the Beginning?

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.