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

Hotels Must Rethink Recruitment to Attract Top Talent
December 12, 2025

With decades of experience guiding organizations through technological and cultural transformations, HRTech expert Ling-Yi Tsai has become a vital voice in the conversation around modern talent strategy. Specializing in the integration of analytics and technology across the entire employee lifecycle, she offers a sharp, data-driven perspective on why the hospitality industry’s traditional recruitment models are failing and what it takes

Trend Analysis: AI Disruption in Hiring
December 12, 2025

In a profound paradox of the modern era, the very artificial intelligence designed to connect and streamline our world is now systematically eroding the foundational trust of the hiring process. The advent of powerful generative AI has rendered traditional application materials, such as resumes and cover letters, into increasingly unreliable artifacts, compelling a fundamental and costly overhaul of recruitment methodologies.

Is AI Sparking a Hiring Race to the Bottom?
December 12, 2025

Submitting over 900 job applications only to face a wall of algorithmic silence has become an unsettlingly common narrative in the modern professional’s quest for employment. This staggering volume, once a sign of extreme dedication, now highlights a fundamental shift in the hiring landscape. The proliferation of Artificial Intelligence in recruitment, designed to streamline and simplify the process, has instead

Is Intel About to Reclaim the Laptop Crown?
December 12, 2025

A recently surfaced benchmark report has sent tremors through the tech industry, suggesting the long-established narrative of AMD’s mobile CPU dominance might be on the verge of a dramatic rewrite. For several product generations, the market has followed a predictable script: AMD’s Ryzen processors set the bar for performance and efficiency, while Intel worked diligently to close the gap. Now,

Trend Analysis: Hybrid Chiplet Processors
December 12, 2025

The long-reigning era of the monolithic chip, where a processor’s entire identity was etched into a single piece of silicon, is definitively drawing to a close, making way for a future built on modular, interconnected components. This fundamental shift toward hybrid chiplet technology represents more than just a new design philosophy; it is the industry’s strategic answer to the slowing