The cryptocurrency market has experienced a significant surge, with Bitcoin reaching new all-time highs.
This bullish trend is largely attributed to the election of President Donald Trump, who has expressed strong support for cryptocurrencies. His administration's pro-crypto stance has boosted investor confidence, leading to increased market participation.
Additionally, the upcoming implementation of the EU's Markets in Crypto-Assets Regulation (MiCA) on December 30, 2024, is expected to provide clearer regulatory guidelines, further encouraging investment in digital assets.
These developments have collectively contributed to the current bullish momentum in the crypto market.