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Donald Trump could revolutionize Bitcoin and the crypto industry in the United States if he truly keeps all the promises made previously during the election campaign. According to what the republican had reported in various conferences and events on the topic of crypto, now an epochal change should arrive for the sector. But are we really sure that it will respect what was said?  Let’s see all the details below. Donald Trump 47th President USA: bull correlation for Bitcoin Donald Trump has officially become the 47th President of the United States of America, and based on the promises made in recent months, a bright future awaits Bitcoin. The positive impact of his victory on the financial markets is palpable: SP500, Nasdaq, and crypto are in strong bull today. The investors seem to have woken up with a smile since for the next 4 years the USA will have a President open to speculations. The growth recorded by risk-on markets also reflects the averted danger of Kamala Harris entering the White House. The Democrat had indeed promised that, if elected, she would increase taxes on investment capital gains. Bitcoin exploded as soon as the election results began to favor the victory of Donald Trump. From 1:00 AM (UTC+2) until 07:00 AM the cryptocurrency fully expressed its bull potential, reaching a new ATH. After successfully reaching 75,000 dollars, Bitcoin started a live correction phase, stopping at 73,700 dollars. Compared to the last 24 hours, prices are higher by over 7%, for an increase in capitalization of about 100 billion dollars. Obviously the pump in case of a Trump victory was almost expected. In the previous days, the Bitcoin market had dropped significantly as the forecasts favorable to Kamala Harris were growing. In the middle, even the open interest was moving inversely proportional…

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Filed under: News - @ November 6, 2024 3:22 pm