On November 12 at 15:00, due to the continued effect of Trump, Bitcoin broke through the $90,000 mark (currently at: $86,207), with a single-day increase of $8,300, setting a new historical high. Ethereum broke $3,449, Dogecoin 🐶 DOGE broke $0.43995, and many altcoins experienced significant surges to reach historical highs (including Meme, AI attack chains, and various ecological projects).
Bitcoin has again broken historical highs due to Trump's election victory and interest rate cuts, with the cryptocurrency market sentiment soaring.
US Senator Cynthia Lummis says: As long as Trump has the support of the American people, he can gain bipartisan support within 100 days of taking office and pass the Bitcoin bill.
The US blockchain advocacy organization calls on Congress to 'act immediately' to pass stablecoin legislation.
Fox reporter: The Treasury Secretary nominee proposed by Trump is very supportive of cryptocurrency.
Yesterday, the trading volume of the US spot Bitcoin ETF reached $7.22 billion, a high since March 14.
Yesterday, ACT was listed on Binance and added seed tags, rising more than 2000% within 24 hours, setting a record for the highest gain on the first day of a new coin listing on Binance.
Polymarket predicts a 36% chance that Bitcoin will reach $105,000 this month, a 73% chance of reaching $95,000, and a 94% chance of breaking $90,000.
The total Bitcoin contract open interest on the entire network has surpassed $53 billion, setting a new historical high.
Deribit data shows that there are 9,635 Bitcoins (worth about $780 million) in open positions betting that Bitcoin will reach $100,000 by December 27.
MicroStrategy founder: We will continue to increase our BTC holdings, currently valued at over $20 billion.
Bitcoin Magazine CEO reveals that a certain country is quietly increasing its Bitcoin holdings and has become one of the top five holders.
Viewpoint: With Trump's election victory, both Trump and his team are very supportive of cryptocurrency. Many of them have disclosed their Bitcoin holdings. For example, vice-presidential candidate J.D. Vance disclosed his Bitcoin holdings, Vivek Ramaswamy has been a vocal supporter of the industry throughout the campaign cycle, Robert Kennedy owns Bitcoin, and transition team co-chair Howard Lutnick stated he also has a large amount of Bitcoin. Even Dogecoin spokesperson Musk is an absolute supporter of cryptocurrency, with SpaceX and Tesla holding considerable Bitcoin. Trump himself has issued NFTs and launched his own affiliate DeFi project, the WLF project's operations, and his team's, family's, and donors' active participation in cryptocurrency further increases the likelihood of Trump fulfilling his campaign promises in the industry.
After Trump is sworn in on January 20:
Even more exciting is that the Republican Party has won a great victory in this election, having secured the Senate (the new senators have 19 supporters and 12 opponents on cryptocurrency), and is very likely to take the House of Representatives (with 268 candidates supporting cryptocurrency winning seats in the House, only 122 representatives oppose cryptocurrency). At that time, whether it is legislation, personnel appointments, or financial support, Trump will receive stronger party support.
Thus, it can be seen that the cryptocurrency industry is expected to welcome better and more relaxed policy support, pushing the market into a golden age, while the United States is likely to solidify its position as a global cryptocurrency hub. Significant changes are expected in the cryptocurrency sector, including the withdrawal of existing law enforcement actions, the promotion of an innovative regulatory framework, the introduction of ideas for a strategic Bitcoin reserve in the US, and the launch of a world free finance project. Since Trump hopes to make the US the global cryptocurrency capital, more relaxed virtual asset and tax incentive policies may be just around the corner.
Let's look forward to Trump's actual actions and speeches after officially taking office on January 20!
In the last 24 hours, the entire network saw liquidations of $990 million, mainly from long positions amounting to $600 million, with a total of 276,144 people liquidated.
