Cryptocurrency token Bitcoin also crossed the $90,000 level on November 13. It touched its all-time high. The new US President Donald Trump had promised to ease digital token norms, the effect of which is being seen on Bitcoin. A continuous upward trend has been seen in it in recent times. According to CNBC news, Bitcoin rose above $93,000 for the first time before falling to $90,670 last Wednesday.
Record level of $93,480 touched
The world's largest cryptocurrency has become one of the biggest movers this week since the election. It touched a record high of $93,480 before paring gains last Wednesday. It was last down slightly at $88,185, but is up 32 percent since the Nov. 5 election. The smaller equivalent ether has also surged 37% since Election Day, while Dogecoin, an alternative, volatile token promoted by billionaire Trump ally Elon Musk, has surged more than 150%.
Very rapid growth was seen in a few days
According to the news, in the last few days, after Trump won the US presidential election, there has been a very rapid growth in volatile digital assets. Bitcoin has left behind many of its own records. Let us tell you, Trump had said in his election campaign that he plans to make the United States the Bitcoin and cryptocurrency capital of the world. It is on the basis of his thinking that digital currency is gaining momentum.
Investors should remain cautious
Experts believe that with Bitcoin reaching $90 thousand and reaching its all-time high, investors should be cautious about the potential volatility ahead. This does not mean that we will not reach $95k or $100k soon, but it does mean that BTC may stall or fall back to regain its strength.
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