Bitcoin Hits Record $90,000 - US Presidential Election Euphoria Continues
Bitcoin traded near the $90,000 mark on Tuesday, riding a wave of euphoria since the election of Donald Trump as US president on expectations that his administration will be cryptocurrency-friendly. The world's largest cryptocurrency bitcoin has become one of the most attractive in the week since the election and reached $89,982, a gain of about 30% since November 5.
Bitcoin is rising along with Elon Musk's Tesla car company, which is up nearly 40% since the vote results, as investors feel that Trump's friends and interests will fare well while he is in office.
Trump embraced the digital asset during his campaign, promising to make the United States the "crypto capital of the planet" and to amass a national bitcoin reserve.
It is not clear how and when this might happen, but the possibility caused a speculative surge in crypto mining and trading. Software company and bitcoin investor MicroStrategy announced that it had spent about $2 billion to buy bitcoins between October 31st and November 10th.
Euphoria extended across the landscape of smaller cryptos such as ether and growing dogecoin, although they fell on Tuesday morning in Europe. Crypto investors see an end to increased scrutiny under US Securities and Exchange Commission Chairman Gary Gensler, whom Trump has said he will replace.
Trump also unveiled a new crypto business, World Liberty Financial, in September.
Poll
Major currencies rise - How much are the Dollar and Euro exchanging today?
The American dollar has strengthened this morning as compared to yesterday it was bought today at 92.2 Lek and sold at 93.3 Lek according to the local......
Head of ECB Lagarde, appeal to EU countries - "Europe must pool resources for common priorities"!
Europe must pool resources in areas such as defense and climate, as its productivity growth is currently faltering and the world is fragmenting into rival......
The Assembly approves in principle the 8.2 billion euro budget for 2025 - 75 votes in favor and 40 against for the most important financial document
The Assembly has in principle approved the draft budget for 2025. With 75 votes in favor, zero abstentions and 40 against in this Tuesday's session, the......
Albania does not "separate" from the EU! Even for the month of October, inflation is recorded at the same level
The Harmonized Index of Consumer Prices, which measures price growth according to the methodology of the 'European Statistics Agency', in October 2024 is......
The Assembly approves the 2025 Budget Project with 75 votes in favor
In the evening hours, the Assembly approved in principle the Draft Budget for the year 2025. With 75 votes in favor and 40 against, the most important......
Road accidents in the EU claim over 20,000 lives a year, while the number of victims continues to grow!
Road accidents across the EU claimed 20,653 lives in 2022, according to the latest Eurostat figures, which include drivers, passengers and pedestrians. The......
The decision, pensioners free travel in the urban areas of Tirana/ City Council: The price of public transport tickets will not increase
At the last meeting of the Municipal Council of Tirana, the decision "On the determination of public transport fares in the municipality of Tirana, the......
Eurozone annual inflation reaches ECB target - Increases to 2% in October
The annual eurozone inflation rate was 2% in October 2024, up from 1.7% in September. A year ago, the rate was 2.9%, according to data published by Eurostat,......
