Bitcoin Price Today:Record breaking rally continues in Bitcoin. Today, on Tuesday, November 12, this cryptocurrency has reached the level of $ 89637. It is believed that today itself the price of this digital currency can touch the level of $90,000. The world’s largest cryptocurrency Bitcoin has jumped by 30 percent since November 5. This is believed to be the effect of Donald Trump’s victory in the US elections.
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At present, this victory of Donald Trump has boosted the crypto market. Especially a strong rally is being seen in the cryptocurrency Bitcoin. This currency reached the level of 81000 dollars on Monday i.e. 11 November 2024, which is around 90,000 dollars in a single day. The price of Bitcoin was $38505 on January 2023, after which it has increased more than 2 times.
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Why did the cryptocurrency market boom?
America’s new President Donald Trump is considered to support cryptocurrency. Therefore, the crypto market is hopeful that after he comes to power, the rules related to cryptocurrency regulation will become easier. At the same time, the cryptocurrency industry is hoping that cryptocurrency will be promoted as a digital asset. Due to which investment in this digital currency has increased. During this time’s US presidential election, a huge amount of money has been donated by the cryptocurrency industry.
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Boom in entire crypto market
Apart from Bitcoin, other top cryptocurrencies of the market are also seen trading rapidly on November 12. Ethereum, Solana and BNB are all bullish. Let us tell you that Donald Trump had talked about promoting digital assets during the 2024 presidential election campaign. He had promised to make the United States of America the crypto capital of the world.
