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

Will Ethereum Hold as ICO Whales and Founders Cash Out?
October 6, 2026

When an original ICO whale deposits $36.37 million into a centralized exchange after a nine-year dormancy, the broader market must weigh the impact of sudden sell-side pressure. As the digital asset landscape navigates this influx of liquidity, Ethereum continues to maintain a critical defensive perimeter above the $2,700 mark, displaying an unexpected level of resilience. Despite the potential for a

Is Argentina Facing a National Cybersecurity Crisis?
October 6, 2026

Argentina has emerged as a primary target for international cybercriminals, now ranking as the third or fourth most attacked nation in Latin America behind Brazil and Mexico. This development is not merely a statistical anomaly but represents a fundamental shift in the regional threat landscape, where the country is currently enduring what experts describe as a persistent digital siege. According

Apple to Toughen Mac Privacy Controls for Full Disk Access
October 6, 2026

The tension between the functionality of backup software and the privacy of communication apps is at the heart of Apple’s decision to toughen its Full Disk Access controls. This significant policy shift, announced on October 2, 2026, marks a pivotal moment for macOS as it grapples with the encroaching capabilities of autonomous artificial intelligence. Full Disk Access has long been

What Does Windows 11 26H2 Mean for Your Hardware?
October 6, 2026

The deployment of the 26## update utilizes an enablement package that acts as a master switch to activate features already present on the system drive. Launched officially on September 29, this iteration, widely recognized as the Windows 11 2026 Update, represents a defining moment for the platform as it solidifies its third and final release built upon the Germanium core

ClickFix Attack Uses Browser Cache to Bypass Windows Limits
October 6, 2026

Threat actors are bypassing the 260-character restriction of the Windows Run dialog by smuggling script payloads into local browser profile folders as cached PNG data. This innovative technique represents a significant departure from standard malware delivery because it leverages the inherent trust users place in their local web environments to stage malicious code before any visible interaction occurs. By exploiting