Bitcoin is targeting $180,000 as its price and regulatory landscape shift after the U.S. election.
Bitcoin dominance has reached 59%, driven by pro-crypto policies and increasing institutional interest.
Mining activity and crypto equities are surging, with equities rising 47% and outpacing Bitcoin’s gains.
Bitcoin’s price pattern is growing as the market enters a stage of the bull cycle, with a predicted price target of $180,000 per Bitcoin (BTC). Current political and legal changes, notably the outcome of the U.S. presidential election, might be creating fresh investor interest and impacting the crypto market.
Bitcoin dominance has climbed to 59%, its highest level since March 2021. Institutional investment is also increasing, echoing patterns observed in previous bull cycles and paving the way for significant market activity.
Following the U.S. election, Bitcoin surged to an all-time high of $89,444, fueled by pro-crypto promises from the Trump administration. Polymarket data indicates that the market reacted positively to Trump’s victory, with Bitcoin climbing to $75,000 on election night.
The president-elect’s campaign pledges include …
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