The price of bitcoin, spurred by President-elect Trump's election victory and subsequent stock price rally, briefly surpassed the US$80000 mark on Sunday morning.
Cardano also rose after its founder Charles Hoskinson announced his intention to develop a #cryptocurrency policy in the Trump administration. Standard Chartered analysts predicted that #bitcoin , Ethereum and Solana would reach all-time highs by the end of the year or before Trump's inauguration on Jan. 20.
Bitcoin hit an inflation-adjusted high on Sunday morning, briefly topping $80000, as the digital asset continued to rise following Donald Trump's re-election for a second term on Tuesday. One of the analysts who predicted the price of bitcoin before the election, Jeff Kendrick of Standard Chartered, predicted that the price of the world's largest cryptocurrency would continue to rise through the end of the year, reaching levels that are
'Easily Achievable'.
The price will reach $100,000 by Dec. 27, when bitcoin options expire.
After the 2016 election, when many Trump trades peaked around the time of the Jan. 20 inauguration, $125,000 is the next level I predict for the end of the year.... [source. If BTC doesn't reach $125,000 by Dec. 31, it will do so by Jan. 20,
the head of forex and digital asset research at the bank said in an email on Sunday.
Mr. Kendrick also predicted that given the recent rise of Ethereum and Solana, bitcoin's price rise could
'Will lift all boats,'
some tokens may surpass the world's largest cryptocurrency; as for ETH's all-time high ($4,866 since November 2021), we'll probably have to wait until after the inauguration,
- writes Mr. Kendrick. Overall, we think all boats will continue to rise, but of the three types of #cryptocurrencies , SOL is likely to perform the best.
I have personal friendships with several members of Congress and others who are currently members of the Trump administration.
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