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

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.

Explore more

Sui vs. Ethereum: A Comparison of Scaling and Architecture

October 23, 2026

The Move programming language used by Sui treats digital assets as resources to eliminate reentrancy bugs at the compiler level rather than through manual audits. This fundamental innovation has established a new benchmark for smart contract safety at a time when the decentralized economy is processing trillions in annual volume. In the current landscape, the industry is witnessing a sophisticated

Can macOS Successfully Run on Snapdragon Windows Laptops?

October 23, 2026

The Snapintosh project serves as a technical blueprint for running high-end Apple software on a diverse range of Qualcomm-powered devices and portable devices. This initiative marks a definitive moment in the computing landscape as enthusiasts successfully navigate the transition from Intel-based systems to the highly efficient ARM architecture. The convergence of hardware standards in 2026 has allowed for a renewed

Vertice Launches AI-Driven Procure-to-Pay Platform

October 23, 2026

Strategic spend management requires more than passive record-keeping, moving instead toward agentic AI that identifies and corrects financial discrepancies automatically. Vertice has successfully transitioned from a specialized procurement utility into a robust, end-to-end financial ecosystem through the launch of its integrated Procure-to-Pay platform. This development represents a significant milestone for the company, which previously focused on the Intake-to-Procure segment of

Anthropic Launches Claude Duet Proactive AI Agent for Work

October 23, 2026

As a dedicated productivity tool, Claude Duet focuses primarily on professional and operational workflows rather than the casual personal errands handled by traditional voice assistants. This shift represents a fundamental change in how software interacts with the human workforce, moving away from the static request-response cycle that defined the early era of generative intelligence. By operating on a persistent cloud-based

Closing the Privilege Gap With Idira Integrated Governance

October 23, 2026

The mover phase of an employee lifecycle often becomes a security black hole where old permissions are retained while new ones are added to the profile. This specific phenomenon, frequently referred to as privilege creep, creates a widening gap between the access an individual actually requires and the expansive permissions they technically possess. In the current cybersecurity environment of 2026,