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Monday 23 March 2026
Markets | November 7, 2024 | BitBulteni

US Election and Bitcoin: Towards 100 Thousand Target in 2024!

US Election and Bitcoin: Towards 100 Thousand Target in 2024!

Donald Trump's victory in the US Presidential elections has created a rise in Bitcoin price expectations that could exceed $100,000 by the end of 2024.

In anticipation of post-election volatility in the markets, it is predicted that Bitcoin could reach six-figure prices before 2025. Trump, who won the critical states of Pennsylvania, North Carolina and Georgia, is preparing to return to the presidency by winning the election on November 5.

Trump’s presidency increases the expectation of a more positive regulatory environment in the crypto industry. Ryan Lee, chief analyst at Bitget Research, states that Trump’s victory could be a significant impetus for the crypto market.

The expectation of volatility in the derivatives markets and increasing open positions in the futures market show that investors are preparing for a significant price movement in Bitcoin. Lee emphasizes that the activity in the stablecoin market may also contribute to this situation.

Stablecoin market cap is hovering around $160 billion, reaching a new high, indicating potential leverage in the market. According to Lee, these developments could make it possible for Bitcoin to reach the $100,000 level within the next three months.

Trump’s election victory was immediately reflected in the markets, with Bitcoin breaking a new record by rising above $76,400. Many members of the crypto community welcome Trump’s presidency and the Republican majority in the Senate, expecting that it will bring clearer and innovation-supporting regulations in the industry.

Coinbase CEO Brian Armstrong called the US Congress “the most crypto-friendly Congress ever” with Trump and the Republican majority. According to Armstrong’s statement, this could mean the implementation of business-friendly and innovation-oriented regulations in the crypto ecosystem.

Ryan Lee states that with the new Congress formed by the Republican majority, a positive regulatory framework for the crypto market may develop in the long term.

On the other hand, he also states that Trump’s policies may cause inflation in the US economy to remain above 3.5% in the medium and long term. According to Lee, this course of inflation rates may require the formation of some new balances in the US economy.

Following Trump’s presidential victory, US-based Bitcoin exchange-traded funds (ETFs) accelerated their purchasing transactions again. On November 6, Bitcoin ETFs had the tenth largest day in terms of trading volume, recording a total net inflow of $621 million. This shows the confidence Wall Street investors have in the future of the crypto market.

Lee states that the long-short ratio in the futures market is below 1, which indicates the bullish expectations of institutional investors by taking long positions in Bitcoin futures.

Economist and trader Alex Krüger also states that investors are becoming increasingly optimistic about the Bitcoin price. Krüger states that the price may not fall below the $60,000 level in the future, noting that the market expects Bitcoin to exceed the $100,000 level.

In this context, it is thought that the election results in the USA may lead to a long-term upward trend in the cryptocurrency market and that the decrease in regulatory uncertainties will enable the sector to grow on a more solid ground.

Tags: Trump zaferi BitcoinBitcoin 100.000 dolar hedefiABD seçimleri kripto etkisiBitcoin fiyat tahmini 2024Trump kripto dostu politikalarBitcoin rekor seviyeleri

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