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Bitcoin Bitcoin (BTC) $118,970.28 ↑ 0.72%
Ethereum Ethereum (ETH) $3,886.58 ↑ 1.45%
XRP XRP (XRP) $3.24 ↑ 1.83%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.03%
BNB BNB (BNB) $849.22 ↑ 6.48%
Solana Solana (SOL) $192.14 ↑ 2.64%
USDC USDC (USDC) $1.00 ↓ 0.00%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 1.85%
TRON TRON (TRX) $0.33 ↑ 1.13%
Cardano Cardano (ADA) $0.83 ↑ 0.39%
Hyperliquid Hyperliquid (HYPE) $44.31 ↑ 3.21%
Sui Sui (SUI) $4.22 ↓ -1.79%
Stellar Stellar (XLM) $0.44 ↑ 0.69%
Chainlink Chainlink (LINK) $19.04 ↑ 1.23%
Hedera Hedera (HBAR) $0.28 ↓ -0.21%
Bitcoin Cash Bitcoin Cash (BCH) $585.97 ↓ -1.47%
Avalanche Avalanche (AVAX) $27.11 ↑ 8.62%
Litecoin Litecoin (LTC) $113.53 ↑ 0.21%
Toncoin Toncoin (TON) $3.39 ↑ 2.26%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.42%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.12%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.05%
Uniswap Uniswap (UNI) $10.93 ↑ 2.31%
Polkadot Polkadot (DOT) $4.21 ↑ 1.29%
Monero Monero (XMR) $327.06 ↑ 0.97%
Bitget Token Bitget Token (BGB) $4.70 ↑ 1.61%
Pepe Pepe (PEPE) $0.00 ↑ 1.84%
Dai Dai (DAI) $1.00 ↓ 0.00%
Cronos Cronos (CRO) $0.15 ↑ 4.03%
Aave Aave (AAVE) $303.78 ↑ 2.32%
Ethena Ethena (ENA) $0.67 ↑ 8.15%
Bittensor Bittensor (TAO) $431.94 ↑ 0.50%
NEAR Protocol NEAR Protocol (NEAR) $2.95 ↑ 1.51%
Ethereum Classic Ethereum Classic (ETC) $22.87 ↓ -0.06%
Pi Pi (PI) $0.45 ↑ 1.48%
Ondo Ondo (ONDO) $1.05 ↑ 0.44%
Internet Computer Internet Computer (ICP) $5.88 ↑ 3.09%
Aptos Aptos (APT) $4.91 ↑ 1.80%
OKB OKB (OKB) $49.06 ↑ 1.76%
Bonk Bonk (BONK) $0.00 ↑ 1.78%
Mantle Mantle (MNT) $0.82 ↑ 0.15%
Kaspa Kaspa (KAS) $0.10 ↓ -1.33%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -1.74%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 0.74%
Algorand Algorand (ALGO) $0.28 ↑ 0.34%
Arbitrum Arbitrum (ARB) $0.47 ↑ 3.35%
Render Render (RENDER) $4.36 ↑ 1.84%
VeChain VeChain (VET) $0.03 ↑ 1.03%
GateToken GateToken (GT) $18.25 ↑ 2.31%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.03%
Worldcoin Worldcoin (WLD) $1.22 ↑ 3.65%
SPX6900 SPX6900 (SPX) $2.26 ↑ 11.79%
Sky Sky (SKY) $0.10 ↑ 1.95%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.29 ↑ 1.23%
Sei Sei (SEI) $0.34 ↑ 0.68%
Cosmos Cosmos (ATOM) $4.87 ↑ 1.71%
Filecoin Filecoin (FIL) $2.77 ↑ 2.84%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.77 ↑ 3.84%
Jupiter Jupiter (JUP) $0.60 ↑ 2.85%
Flare Flare (FLR) $0.02 ↑ 1.81%
Story Story (IP) $5.64 ↑ 2.77%
Injective Injective (INJ) $16.04 ↑ 5.35%
Quant Quant (QNT) $128.51 ↑ 1.08%
XDC Network XDC Network (XDC) $0.09 ↑ 2.61%
Celestia Celestia (TIA) $2.05 ↑ 2.59%
KuCoin Token KuCoin Token (KCS) $11.54 ↑ 0.25%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.03%
Optimism Optimism (OP) $0.82 ↑ 12.55%
Fartcoin Fartcoin (FARTCOIN) $1.38 ↑ 4.04%
Curve DAO Token Curve DAO Token (CRV) $1.01 ↓ -4.08%
Stacks Stacks (STX) $0.85 ↑ 3.97%
Four Four (FORM) $3.50 ↑ 1.90%
FLOKI FLOKI (FLOKI) $0.00 ↓ -0.23%
Immutable Immutable (IMX) $0.60 ↑ 2.11%
dogwifhat dogwifhat (WIF) $1.13 ↑ 4.71%
Ethereum Name Service Ethereum Name Service (ENS) $30.47 ↓ -1.88%
PancakeSwap PancakeSwap (CAKE) $3.20 ↑ 14.07%
The Graph The Graph (GRT) $0.11 ↑ 2.89%
Lido DAO Lido DAO (LDO) $1.16 ↑ 5.19%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↓ -0.85%
Kaia Kaia (KAIA) $0.17 ↑ 1.06%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 3.10%
Sonic Sonic (S) $0.34 ↑ 1.48%
Conflux Conflux (CFX) $0.19 ↑ 2.02%
Tezos Tezos (XTZ) $0.90 ↑ 1.77%
PAX Gold PAX Gold (PAXG) $3,338.44 ↓ -0.67%
Theta Network Theta Network (THETA) $0.93 ↑ 3.20%
Vaulta Vaulta (A) $0.58 ↑ 0.12%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.01%
Raydium Raydium (RAY) $3.34 ↑ 8.33%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.22%
Nexo Nexo (NEXO) $1.32 ↑ 0.96%
IOTA IOTA (IOTA) $0.22 ↑ 0.15%
Gala Gala (GALA) $0.02 ↑ 2.80%
Tether Gold Tether Gold (XAUt) $3,338.23 ↓ -0.37%
The Sandbox The Sandbox (SAND) $0.32 ↓ -0.07%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 5.02%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↓ -0.25%
Pendle Pendle (PENDLE) $4.67 ↑ 5.93%
Jito Jito (JTO) $2.07 ↑ 2.67%
Bitcoin Bitcoin (BTC) $118,970.28 ↑ 0.72%
Ethereum Ethereum (ETH) $3,886.58 ↑ 1.45%
XRP XRP (XRP) $3.24 ↑ 1.83%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.03%
BNB BNB (BNB) $849.22 ↑ 6.48%
Solana Solana (SOL) $192.14 ↑ 2.64%
USDC USDC (USDC) $1.00 ↓ 0.00%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 1.85%
TRON TRON (TRX) $0.33 ↑ 1.13%
Cardano Cardano (ADA) $0.83 ↑ 0.39%
Hyperliquid Hyperliquid (HYPE) $44.31 ↑ 3.21%
Sui Sui (SUI) $4.22 ↓ -1.79%
Stellar Stellar (XLM) $0.44 ↑ 0.69%
Chainlink Chainlink (LINK) $19.04 ↑ 1.23%
Hedera Hedera (HBAR) $0.28 ↓ -0.21%
Bitcoin Cash Bitcoin Cash (BCH) $585.97 ↓ -1.47%
Avalanche Avalanche (AVAX) $27.11 ↑ 8.62%
Litecoin Litecoin (LTC) $113.53 ↑ 0.21%
Toncoin Toncoin (TON) $3.39 ↑ 2.26%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.42%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.12%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.05%
Uniswap Uniswap (UNI) $10.93 ↑ 2.31%
Polkadot Polkadot (DOT) $4.21 ↑ 1.29%
Monero Monero (XMR) $327.06 ↑ 0.97%
Bitget Token Bitget Token (BGB) $4.70 ↑ 1.61%
Pepe Pepe (PEPE) $0.00 ↑ 1.84%
Dai Dai (DAI) $1.00 ↓ 0.00%
Cronos Cronos (CRO) $0.15 ↑ 4.03%
Aave Aave (AAVE) $303.78 ↑ 2.32%
Ethena Ethena (ENA) $0.67 ↑ 8.15%
Bittensor Bittensor (TAO) $431.94 ↑ 0.50%
NEAR Protocol NEAR Protocol (NEAR) $2.95 ↑ 1.51%
Ethereum Classic Ethereum Classic (ETC) $22.87 ↓ -0.06%
Pi Pi (PI) $0.45 ↑ 1.48%
Ondo Ondo (ONDO) $1.05 ↑ 0.44%
Internet Computer Internet Computer (ICP) $5.88 ↑ 3.09%
Aptos Aptos (APT) $4.91 ↑ 1.80%
OKB OKB (OKB) $49.06 ↑ 1.76%
Bonk Bonk (BONK) $0.00 ↑ 1.78%
Mantle Mantle (MNT) $0.82 ↑ 0.15%
Kaspa Kaspa (KAS) $0.10 ↓ -1.33%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -1.74%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 0.74%
Algorand Algorand (ALGO) $0.28 ↑ 0.34%
Arbitrum Arbitrum (ARB) $0.47 ↑ 3.35%
Render Render (RENDER) $4.36 ↑ 1.84%
VeChain VeChain (VET) $0.03 ↑ 1.03%
GateToken GateToken (GT) $18.25 ↑ 2.31%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.03%
Worldcoin Worldcoin (WLD) $1.22 ↑ 3.65%
SPX6900 SPX6900 (SPX) $2.26 ↑ 11.79%
Sky Sky (SKY) $0.10 ↑ 1.95%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.29 ↑ 1.23%
Sei Sei (SEI) $0.34 ↑ 0.68%
Cosmos Cosmos (ATOM) $4.87 ↑ 1.71%
Filecoin Filecoin (FIL) $2.77 ↑ 2.84%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.77 ↑ 3.84%
Jupiter Jupiter (JUP) $0.60 ↑ 2.85%
Flare Flare (FLR) $0.02 ↑ 1.81%
Story Story (IP) $5.64 ↑ 2.77%
Injective Injective (INJ) $16.04 ↑ 5.35%
Quant Quant (QNT) $128.51 ↑ 1.08%
XDC Network XDC Network (XDC) $0.09 ↑ 2.61%
Celestia Celestia (TIA) $2.05 ↑ 2.59%
KuCoin Token KuCoin Token (KCS) $11.54 ↑ 0.25%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.03%
Optimism Optimism (OP) $0.82 ↑ 12.55%
Fartcoin Fartcoin (FARTCOIN) $1.38 ↑ 4.04%
Curve DAO Token Curve DAO Token (CRV) $1.01 ↓ -4.08%
Stacks Stacks (STX) $0.85 ↑ 3.97%
Four Four (FORM) $3.50 ↑ 1.90%
FLOKI FLOKI (FLOKI) $0.00 ↓ -0.23%
Immutable Immutable (IMX) $0.60 ↑ 2.11%
dogwifhat dogwifhat (WIF) $1.13 ↑ 4.71%
Ethereum Name Service Ethereum Name Service (ENS) $30.47 ↓ -1.88%
PancakeSwap PancakeSwap (CAKE) $3.20 ↑ 14.07%
The Graph The Graph (GRT) $0.11 ↑ 2.89%
Lido DAO Lido DAO (LDO) $1.16 ↑ 5.19%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↓ -0.85%
Kaia Kaia (KAIA) $0.17 ↑ 1.06%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 3.10%
Sonic Sonic (S) $0.34 ↑ 1.48%
Conflux Conflux (CFX) $0.19 ↑ 2.02%
Tezos Tezos (XTZ) $0.90 ↑ 1.77%
PAX Gold PAX Gold (PAXG) $3,338.44 ↓ -0.67%
Theta Network Theta Network (THETA) $0.93 ↑ 3.20%
Vaulta Vaulta (A) $0.58 ↑ 0.12%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.01%
Raydium Raydium (RAY) $3.34 ↑ 8.33%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.22%
Nexo Nexo (NEXO) $1.32 ↑ 0.96%
IOTA IOTA (IOTA) $0.22 ↑ 0.15%
Gala Gala (GALA) $0.02 ↑ 2.80%
Tether Gold Tether Gold (XAUt) $3,338.23 ↓ -0.37%
The Sandbox The Sandbox (SAND) $0.32 ↓ -0.07%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 5.02%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↓ -0.25%
Pendle Pendle (PENDLE) $4.67 ↑ 5.93%
Jito Jito (JTO) $2.07 ↑ 2.67%
Home Cryptocurrency

Bitcoin Price Surges 112% to Break $94,000 Barrier Amid Trump-Linked Optimism

Shumayel Affandi by Shumayel Affandi
20 November 2024
in Cryptocurrency, News
Reading Time: 3 mins read
0
Bitcoin Price Surges 112% to Break $94,000 Barrier Amid Trump-Linked Optimism

Bitcoin Price Surges 112% to Break $94,000 Barrier Amid Trump-Linked Optimism

In recent trading, Bitcoin price reportedly climbed to an intraday high of $94,078 on rising confidence in the cryptocurrency space. The increase comes after Mr Trump’s social media platform Truth Social is said to be in the final stages of entering into an agreement with Bakkt, a digital asset trading company. This development is fuelling expectations of positive change in the cryptocurrency space with Trump’s presumably soon-to-be-formed administration in mind.

WhatsApp Image 2024 11 04 at 08.16.30

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Bitwise CIO Says Bitcoin Rally Coming in 2026, Halving Cycle No Longer Relevant
    • Inside CZ’s $76 Billion BNB Empire: What’s Behind the Explosive Price Climb?
  • Trump Deal Rumours Spark Bitcoin Price Bump
  • Bitcoin Price 112% Growth and Market Dynamics
  • A Promising Future for Cryptocurrencies?
  • Conclusion on Bitcoin Price Prediction

YOU MAY BE INTERESTED

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The increase is a sign that Bitcoin price is on the rise once again after being static for several months, having risen this year by more than 100 percent. Market leaders and experts regard specific market activities and revived interest in cryptocurrencies as the reasons for such growth.

Trump Deal Rumours Spark Bitcoin Price Bump

The current Bitcoin price rally escalated after a report from The Financial Times indicated that Trump Media and Technology Group (TMTG), the owner of Truth Social, is in an advanced stage of talks to acquire Bakkt in an all-stock deal. Another interesting aspect is that Bakkt – a crypto trading platform affiliated with the Intercontinental Exchange, which owns the New York Stock Exchange – might open a great deal of exposure to the crypto industry under TMTG’s management.

Market analyst from IG Tony Sycamore underlined the significance of an expected acquisition pointing out that “Record-breaking Bitcoin is pegged to speculations over the Trump administration’s impact on pro-crypto regulations and Bakkt.”

Bitcoin price
Bitcoin price

The possible deal is consistent with market perceptions of a diminution in the extent of regulation of digital currencies under Trump. This anticipation has brought back the investors, driving the traders in anticipation of a more expansive use of cryptocurrencies.

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Bitcoin Price 112% Growth and Market Dynamics

Bitcoin represented by TV-L media platform, became the most significant and the most popular virtual currency in 2024. Beginning the year with an under $45,000, it has risen over $94,000 Tuesday hitting $94,078 then lowering at Asian session trading to $92,104 on Wednesday.

It was recently made easier to purchase Bitcoin when options for BlackRock’s Bitcoin ETF went live on Nasdaq. This addition has made it even easier for institutional investors who want to invest in Bitcoin thus increasing the demand of the cryptocurency.

Chris Weston, head of research at Pepperstone, said that such a rise was due to buying pressure. He further said, “There is real accumulation at underlying demand of Bitcoin and another spike up will definitely call more investors into the strength.”

Bitcoin price
Bitcoin price

Besides institutional interest, the entire cryptocurrency market cap has surged to $3 trillion, as per Crypto news. This is another major indicate the investors’ increasing focus on digital assets apart from BTC as other digital currencies such as Ethereum and Solana open up major bullish runs.

A Promising Future for Cryptocurrencies?

 The positive reaction to Bitcoin performance that we observed can be explained not just by short-term market drivers running the stock but also long-term potential. A lot of investors believe that the rumored Bakkt acquisition will bring more adoption of cryptocurrencies in the larger society.

The clarion call by Campbell and now an affirmative Trump government has further boosted this optimism. As we saw after the November 5 election in the United States, cryptocurrencies became popular again, and Bitcoin in particular. Experts view that as regulatory legislation gets more amplified, more business and financial entities will adopt cryptocurrencies and other digital currencies into their operations.

But the skeptics have warned that the meteoric rise of Bitcoin price may also hit the ceiling. Market risk is an issue paramount to portfolio management while regulatory issue is still ambiguous in many parts of the word. However, the recent trend depicts a better picture of cryptocurrencies, especially as they find more adaptation in the world economy.

Conclusion on Bitcoin Price Prediction

Bitcoin price rising from $7,300 to $94,000 is a big leap forward in cryptocurrency’s standing as a significant component in the global economy. Having heard rumors that Bakkt is soon to be acquired by Trump’s media company, investors were enthused to think of a pro-crypto administration.

However, the highest increase indicates Bitcoin price stability and ability to predict further evolution of the financial market. Thus, market conditions will dictate the direction of the cryptocurrency market and its main focus – regulation and the trends towards wider acceptance to identify the next phase of the Bitcoin story.  Keep following Turkishnyradio and keep an eye on Bitcoin price.

Tags: Bitcoin priceBitcoin Price PredictionBitcoin price surge
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