b2b-daily
Home | FinTech | Fintech Blockchain

Trump’s Third Term Fuels Bitcoin Surge Past $90K with Pro-Crypto Policies

Avatar photo
by Daisy Brown
November 12, 2024
Image Credit: Pixabay
Trump’s Third Term Fuels Bitcoin Surge Past $90K with Pro-Crypto Policies

Bitcoin is approaching a milestone value of $90,000, soaring over 25% since Donald Trump secured his third US presidential election victory on November 5, 2024. The rally, dubbed the "Trump trade," stems from investor optimism about Trump’s pro-crypto stance, including promises to make the US a global crypto leader and establish a national Bitcoin reserve. This speculative confidence has significantly influenced Bitcoin’s recent performance, pushing its price to a new high of $89,637 in Asia.

Trump’s administration hints at favorable crypto policies, further driving market enthusiasm. For instance, Trump introduced a family project, World Liberty Financial, featuring a new token, WLFI, which has garnered considerable attention. Market experts like Nick Twidale from ATFX Global suggest that Trump’s support for the crypto industry will elevate demand for both cryptocurrencies and crypto-related stocks.

Ripple Effects on Crypto-Related Stocks

The positive sentiment surrounding Bitcoin extends to other cryptocurrencies and stocks with strong crypto ties. Notably, Tesla, led by Trump’s ally Elon Musk, has surged nearly 40 percent post-election. Bitcoin mining companies Riot Platforms and MARA Holdings have seen significant growth, with Riot Platforms experiencing a 17 percent rise in one session. CleanSpark and MicroStrategy stocks have also increased significantly.

Speculation about Trump’s future crypto policies and his intent to replace SEC Chair Gary Gensler, who has been criticized for his stringent crypto regulations, further fuels discussions about Bitcoin’s potential as a stable and politically preferred asset. Investors are closely monitoring Trump’s next moves, which will likely shape the future of digital assets in the US.

In summary, Trump’s election win sparked a remarkable rally in Bitcoin and related markets, driven by optimism about his crypto-friendly promises. This led to significant price gains across the crypto sector, with a broader market rally encompassing cryptocurrencies and stocks linked to the cryptocurrency market. Investors continue to watch Trump’s administration for forthcoming crypto initiatives that could profoundly impact digital assets.

Blockchain TechnologyCryptoInformation Security

Explore more

A Unified Framework for SRE, DevSecOps, and Compliance
February 13, 2026

The relentless demand for continuous innovation forces modern SaaS companies into a high-stakes balancing act, where a single misconfigured container or a vulnerable dependency can instantly transform a competitive advantage into a catastrophic system failure or a public breach of trust. This reality underscores a critical shift in software development: the old model of treating speed, security, and stability as

AI Security Requires a New Authorization Model
February 13, 2026

Today we’re joined by Dominic Jainy, an IT professional whose work at the intersection of artificial intelligence and blockchain is shedding new light on one of the most pressing challenges in modern software development: security. As enterprises rush to adopt AI, Dominic has been a leading voice in navigating the complex authorization and access control issues that arise when autonomous

Canadian Employers Face New Payroll Tax Challenges
February 13, 2026

The quiet hum of the payroll department, once a symbol of predictable administrative routine, has transformed into the strategic command center for navigating an increasingly turbulent regulatory landscape across Canada. Far from a simple function of processing paychecks, modern payroll management now demands a level of vigilance and strategic foresight previously reserved for the boardroom. For employers, the stakes have

How to Perform a Factory Reset on Windows 11
February 13, 2026

Every digital workstation eventually reaches a crossroads in its lifecycle, where persistent errors or a change in ownership demands a return to its pristine, original state. This process, known as a factory reset, serves as a definitive solution for restoring a Windows 11 personal computer to its initial configuration. It systematically removes all user-installed applications, personal data, and custom settings,

What Will Power the New Samsung Galaxy S26?
February 13, 2026

As the smartphone industry prepares for its next major evolution, the heart of the conversation inevitably turns to the silicon engine that will drive the next generation of mobile experiences. With Samsung’s Galaxy Unpacked event set for the fourth week of February in San Francisco, the spotlight is intensely focused on the forthcoming Galaxy S26 series and the chipset that