The "Trump Trade" momentum continues to dominate the market as Bitcoin reaches another historic milestone. Early this morning (UTC), Bitcoin briefly surpassed $77,000**, marking a **10% gain** over the past week and a **70% year-to-date increase**. However, volatility remains extreme—prices dipped to **$76,147 during Asian trading hours, reflecting a $1,000+ correction from the peak.
Market Turbulence and Liquidations
- 24-Hour Liquidations: 90,400 traders faced liquidation, totaling $210 million (Coinglass data).
Top Performers (7-Day):
- Ethereum (+19%)
- Solana (+20%)
- Dogecoin & Cardano (+22%+)
- BNB (+8%)
Nick Philpott, Zodia Markets co-founder, predicts:
"Bitcoin could hit $75K–$80K post-election, with ETF inflows potentially driving it to $100K by early 2025."
Institutional Adoption Accelerates
BlackRock’s Bitcoin ETF (IBIT) now holds $34.3B in assets, overtaking its flagship gold fund (IAU) after just 9 months. Meanwhile, Standard Chartered forecasts:
- $125K by EOY 2024
- $200K by EOY 2025
Key drivers include:
- Potential SEC leadership changes under Trump.
- Proposed national Bitcoin reserves.
- Relaxed crypto custody regulations.
Tesla’s AI-Driven Rally
Tesla’s market cap reclaimed $1 trillion** after a **28% post-election surge**, adding **$50B to Musk’s net worth. Analysts highlight:
- AI Optimism: Trump’s policies may boost Tesla’s autonomous tech.
- Regulatory Tailwinds: Reduced scrutiny could benefit EV and AI projects.
👉 Explore crypto market trends
Upcoming Tesla Catalysts:
- $30K compact car (2025 launch)
- Robotaxi service pilot (2025)
- FSD 13 software update
FAQs
Q: Why is Bitcoin so volatile?
A: Factors like ETF flows, macroeconomic sentiment, and regulatory news amplify price swings.
Q: How does Trump’s win affect crypto?
A: Expectations of lighter regulation and pro-crypto policies are driving bullish sentiment.
Q: What’s next for Tesla?
A: Focus shifts to Q4 deliveries and Trump’s policy details—key for sustaining momentum.
Disclaimer: Crypto investments carry high risk. Past performance doesn’t guarantee future results.
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