5 Crypto-Related Stocks With Upside as Bitcoin Hits All-Time High
According to Yahoo Finance, the cryptocurrency market is experiencing a significant rally with Bitcoin reaching an all-time high of over $75,000. This surge in value follows Donald Trump's presidential re-election victory and has led to increased interest in crypto-related stocks such as NVIDIA Corporation (NVDA), Interactive Brokers Group Inc. (IBKR), BlackRock Inc. (BLK), Accenture plc (ACN), and CME Group Inc. (CME). These companies are expected to benefit from the growing acceptance and investment in cryptocurrencies.
Bitcoin Hits Record as Pro-Crypto Trump Wins Presidency Again
Bloomberg reports that Bitcoin's price soared following Donald Trump's re-election, marking its biggest jump in a week. The pro-crypto stance of President Trump is anticipated to lead to more favorable regulations for digital currencies in the United States, which could further boost investor confidence and drive up prices across various altcoins including Solana, Dogecoin, and Cronos.
Crypto Market Soars as Extreme Greed Returns Amid Trump’s Presidential Victory
Coinspeaker highlights how extreme greed has returned among investors after Trump's win boosted optimism about future crypto-friendly policies. The Fear & Greed Index reached 77, indicating "Extreme Greed," while Bitcoin hit new highs alongside other major cryptocurrencies like Ethereum and Solana showing bullish trends.
Tether Mints $2B USDT on Ethereum and Injects Funds to Exchanges, But There’s a Catch
Crypto Basic reveals that Tether minted $2 billion worth of USDT on the Ethereum network amidst rising demand for stablecoins during this volatile period post-Trump's election win. However, these funds were part of a chain swap activity rather than increasing total supply; they aim at reallocating surplus tokens where needed most without altering overall circulation levels significantly.
Increased Demand and Heightened Volatility Signal Further Upside for Bitcoin – Glassnode
A report by CryptoSlate indicates heightened volatility coupled with strong institutional inflows into bitcoin-based ETFs suggests potential continued growth ahead despite recent fluctuations partly caused by political developments surrounding U.S. elections, highlighting the importance of staying informed in the dynamic landscape evolving rapidly around us today!
Sources:
- 5 Crypto-Related Stocks With Upside as Bitcoin Hits All-Time High
- Bitcoin Hits Record as Pro-Crypto Trump Wins Presidency Again
- Crypto Market Soars as Extreme Greed Returns amid Trump’s Presidential Victory
- Bitcoin Price Hits New ATH As Pro-Crypto Presidential Win, This Layer 2 ICO Hits $25M
- Increased demand and heightened volatility signal further upside for Bitcoin – Glassnode
- Trump election win set to kick off ‘golden age of crypto’ in the US – Bitwise CIO
- Bitcoin, Ethereum, Dogecoin Slingshot To The Moon After Trump Victory But 'Sharp' Correction Might Be In Store
- Tether Mints $2B USDT on Ethereum and Injects Funds to Exchanges, But There’s a Catch
- Bitcoin, Ethereum, and Solana Are Set to Explode! Here’s Why
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