This is how the winning of Donald Trump pushes the price of every crypto coin over to the sky. We see a new all time high for Bitcoin and a good price rise for different altcoins.
First of all, I will congratulate to every crypto lover that we see another all time high for Bitcoin that is $76900.
It was obvious that after the election and if Donald Trump will won this election then surely this will put a positive impact on the market and the same happened.
We see that Bitcoin reaches its all time high and even surpasses and makes another all time high.
I still remember the statement of Donald Trump that he clearly stated that I am completely in the favor of Bitcoin and will try to make United States the hub of the cryptocurrency.
This is no doubt a good environment for the crypto market, but also there are some countries who are worried about this statement.
Especially if I talk about China their media is claiming that Donald Trump wants US to make the hub for Bitcoin.
Therefore they will surely take any serious action against Bitcoin or maybe they show some more favor to the crypto market.
Overall I see Crypto market is extremely bullish and we see a rate cut the announcement of FED.
The only issue we have that the war ongoing between Israel, Lebanon, Palestine and Iran.
If this conflicts gets calm then surely we will see Bitcoin around 100K dollar. There are still many investors who are confused whether to invest or not in the altcoins.
One thing is sure that altcoin bull run will nearly come and we will see a huge price rise in different coins.
This may be the next year 2025, but it will be a good buying time because still many altcoins are at the low values.
Just like Hive, if we see, the price is just around 0.18 which is almost its all time low.
There are other many crypto coins which are still at its lowest prices and you can buy at a discount price right now.
If I talk about myself, I am investing in some of my favorite crypto coins including Hive with smaller portion and keep on doing average if the price comes down.
This is not a financial advice, but my experience and knowledge about the market that I predict a huge bull run of altcoins which is very near.
What do you people think about this new all time high of Bitcoin? Do you think it's giving a bullish signal for other altcoins? Will be glad to see your answers in the comment section.
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IMAGE TAKEN FROM CANVA
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