Trump's victory ignites the crypto market, Bitcoin soars, and hedge funds like Galaxy Digital rake in profits!
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Since Trump's election in November, Bitcoin has surged rapidly, propelling the entire crypto market into a bull market. Bitcoin has risen by 130% since the beginning of the year, surpassing the $100,000 market cap, pushing the total crypto market cap up to $3.5 trillion.
Crypto finance companies like Galaxy Digital and Brevan Howard have become the biggest beneficiaries, especially with Trump's victory driving up the value of smaller digital tokens.
However, this week the market saw a slight pullback as the Federal Reserve hinted that interest rate hikes may be lower than expected next year, putting pressure on high-risk assets. Compared to the Biden administration's conservative stance, investors are more hopeful that Trump’s policies will be more favorable towards cryptocurrencies, further driving the market upwards.
Tap the avatar for live updates and catch the bull market!