The post Bitcoin Price May Approach $100,000 This Month Amid Trump Administration’s Economic Shifts appeared on BitcoinEthereumNews.com.

As Bitcoin approaches a pivotal moment, analysts anticipate that robust economic policies may propel its price past the $100,000 threshold this November. Market experts note that the cryptocurrency’s recent record high of over $90,000 stands as a significant milestone, marking a nearly 100% increase in year-to-date performance. “If history repeats itself, Bitcoin could see a surge that reaches our target,” says Ryan Lee, chief analyst at Bitget Research, highlighting investor enthusiasm. This article discusses Bitcoin’s potential surge to over $100,000 in November, fueled by anticipated economic policies and increased institutional investment. Bitcoin price poised for breakthrough: Analysts predict a surge beyond $100,000 Analysts are increasingly optimistic that Bitcoin may hit the coveted $100,000 mark this November, bolstered by patterns in historical price movements and a surge in investor interest spurred by the recent U.S. elections.  After surpassing the previous record of $90,000 on November 13, Bitcoin’s trajectory appears increasingly bullish, reinforcing a growing belief that further gains are imminent. Ryan Lee points out that November tends to be Bitcoin’s strongest month historically, enhancing the argument for an impending price spike. According to Lee: “If history repeats itself and Bitcoin prices grow as projected, a 14.7% increase from the current price level will easily push the coin well above the $100,000 target.” Trump’s potential impact on the crypto landscape with a CFTC-friendly chair President-elect Donald Trump is considering various candidates for the chair of the Commodity Futures Trading Commission (CFTC), with a focus on individuals who favor a progressive approach toward cryptocurrency regulations. This could indicate a significant shift in how cryptocurrency markets are governed. Among the candidates is Summer Mersinger, known for her advocacy for greater crypto-friendly policies. As the CFTC plays a pivotal role in regulating electronic trading, Trump’s potential appointments could significantly influence market dynamics. Institutional investor confidence…

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Filed under: News - @ November 15, 2024 9:22 pm