According to TechFlow, on November 15, The Block reported that the cryptocurrency market soared after the US election, and Bitcoin hit a record high of about $93,500 this week. Analysts at JPMorgan Chase pointed out that under the Trump administration and the Republican-led Congress, the US cryptocurrency landscape may be reshaped by six key changes. These changes include: progress in cryptocurrency legislation, such as the 21st Century Financial Innovation and Technology Act and the Payment Stablecoin Transparency Act; a shift in regulatory strategy to cooperation; increased bank involvement in cryptocurrency custody; growth of spot ETFs other than Bitcoin; a surge in cryptocurrency venture capital and M&A activities; and a low likelihood that the United States will use Bitcoin as a strategic reserve asset.