The rise in cryptocurrency Bitcoin continues and on Tuesday, november 12, 2024, Bitcoin reached close to $ 90000. Bitcoin has been witnessing a rise since Donald Trump's victory in the US presidential election and now it has reached an all-time high of $ 89,599. Many experts are predicting Bitcoin to touch the historic figure of one lakh dollars by the end of 2024.
Bitcoin rises by 32% in a week
Bitcoin has risen by 32 percent since the US presidential election on november 5, 2024. After Trump's victory in the US election on november 6, in a single session, Bitcoin jumped 8 percent to an all-time high of $ 75,000, which is now trading at around $ 90,000 a week later. Bitcoin has jumped 9 percent in the last 24 hours. The reason for the rise in Bitcoin is the news that donald trump may appoint a pro-crypto candidate as SEC chairman in place of Gary Gensler. Experts say that Bitcoin can also go up to one lakh dollars.
Bitcoin will make a new high in 2025
Bernstein experts have given a long-term target of $ 2 lakh for Bitcoin till 2025. That is, this cryptocurrency can double from the current level. After donald trump took oath for the presidency, it is believed that a policy promoting cryptocurrency can be implemented during his tenure. trump wants to see America as a global crypto leader and also wants to create a Bitcoin reserve. trump has assured to support wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital assets.
MicroStrategy buys Bitcoins worth $2 billion
The reason for the current rise in Bitcoin is the purchase of 27,200 Bitcoins by software company MicroStrategy, which the company has bought for $2.03 billion. For the last four years, the company has been continuously buying Bitcoins. The company is known for investing in Bitcoin.
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