Bitcoin Price Surpasses $79,000 in Abrupt Weekend Melt-Up

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Daily Hodl2024/11/08 16:00

By:by Daily Hodl Staff

The price of Bitcoin ( BTC ) is going parabolic.

BTC has surged from about $76,000 on Friday to $79,373 at time of publishing.

The leading crypto asset has forcefully rallied following Donald Trump’s sweeping victory over Kamala Harris last week.

Trump has called himself the pro-Bitcoin and crypto candidate, stating he will support the $2.6 trillion industry and create a strategic Bitcoin reserve.

In the days before the election was called, BTC was priced at about $68,000.

Bitcoin ETFs have also witnessed major accumulation amid Trump’s re-ascention.

Despite launching early this year, BlackRock’s spot-Bitcoin exchange-traded fund is now bigger than its gold fund, reports Bloomberg, reaching a whopping $34.3 billion.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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