Trump's Victory Ignites a Crypto Market Frenzy
With Trump's victory in the U.S. presidential election, his enthusiastic support for cryptocurrency and his commitment to loosening regulations have swept through investors' hearts like a tidal wave. Recently, the influx of funds into Bitcoin ETFs has surged dramatically, with BlackRock's Bitcoin ETF (IBIT) attracting an astonishing $27 billion in just nine months, and its total assets surpassing $34.3 billion, exceeding the company's gold ETF (IAU), which remains around $33 billion. This shift not only highlights the rise of crypto assets in the investment market but also fills people with anticipation for the future.
Driven by Trump's stance on cryptocurrency, Bitcoin prices have skyrocketed like a rocket, recently reaching an all-time high of $76,900. Industry experts predict that in the first quarter of next year, Bitcoin is expected to break $100,000, and this fervent market sentiment along with ETF capital inflows will act as a powerful booster.
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