Bitcoin has surged following Donald Trump’s U.S. presidential election victory, nearing $100,000 per bitcoin. This “perfect storm” has pushed the combined crypto market above $3 trillion for the first time since 2021.
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Crypto Market Hits $3 Trillion as Bitcoin Nears $100,000
Tesla billionaire and Trump advisor Elon Musk issued a serious U.S. “bankruptcy” warning, while a top Federal Reserve official softened his criticism of bitcoin and crypto.
Minneapolis Federal Reserve president Neel Kashkari, previously a critic, now promises to keep an open mind. JPMorgan analysts predict the bitcoin price could continue to rise due to fears of U.S. dollar devaluation and inflation.
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