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

Trend Analysis: Modular Humanoid Developer Platforms
April 9, 2026

The sudden transition from massive, industrial-grade machinery to agile, modular humanoid systems marks a fundamental shift in how corporations approach the complex challenge of general-purpose robotics. While high-torque, human-scale robots often dominate the visual landscape of technological expositions, a more subtle and profound trend is taking root in the research laboratories of the world’s largest technology firms. This movement prioritizes

Trend Analysis: General-Purpose Robotic Intelligence
April 9, 2026

The rigid walls between digital intelligence and physical execution are finally crumbling as the robotics industry pivots toward a unified model of improvisational logic that treats the physical world as a vast, learnable dataset. This fundamental shift represents a departure from the traditional era of robotics, where machines were confined to rigid scripts and repetitive motions within highly controlled environments.

Trend Analysis: Humanoid Robotics in Uzbekistan
April 9, 2026

The sweeping plains of Central Asia are witnessing a quiet but profound metamorphosis as Uzbekistan trades its historic reliance on heavy machinery for the precise, silver-limbed agility of humanoid robotics. This shift represents more than just a passing interest in new gadgets; it is a calculated pivot toward a future where high-tech manufacturing serves as the backbone of national sovereignty.

The Paradox of Modern Job Growth and Worker Struggle
April 9, 2026

The bewildering disconnect between glowing national economic indicators and the grueling daily reality of the modern job seeker has created a fundamental rift in how we understand professional success today. While official reports suggest an era of prosperity, the experience on the ground tells a story of stagnation for many white-collar professionals. This “K-shaped” divergence means that while the economy

Navigating the New Job Market Beyond Traditional Degrees
April 9, 2026

The once-reliable promise that a university degree serves as a guaranteed passport to a stable middle-class career has effectively dissolved into a complex landscape of algorithmic filters and fragmented professional networks. This disintegration of the traditional social contract has fueled a profound crisis of confidence among the youngest entrants to the labor force. Where previous generations saw a clear ladder