Bitcoin and Ether surge as Trump embraces crypto industry
Bitcoin and Ether have both experienced significant surges in value, with Bitcoin reaching a new all-time high of $81,858 and Ether surging by 28.7% to $3,165. The recent rally is attributed to the election of pro-crypto candidates and President-elect Donald Trump's promises to support the industry. Other tokens and shares of crypto firms have also seen a boost in value since the election, and Trump's anticipated crypto-friendly policies are expected to further benefit the industry. Former President Donald Trump has shifted his stance on the crypto industry, now embracing it as a counter to regulatory approaches under President Joe Biden and pledging to make the US the "crypto capital of the planet."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Foreign media: Trump's social platform Truth Social and Musk's X platform may merge
Three Arrows Capital seeks to increase claim against FTX to $1.53 billion
SOL breaks through $220
Viewpoint: Saudi Arabia, the UAE and other countries may have bought Bitcoin