The Federal Reserve announced new interest rate cuts on Thursday, which helped send Bitcoin’s price to just over the $76,800 all-time high.

Market watchers say the rally is just beginning, and predict that the cryptocurrency could hit between $90,000 and $125,000 before the end of 2024.

“We are entering the Golden Age of Crypto,” Matt Hougan, Bitwise’s Chief Investment Officer, wrote in a blogpost on Wednesday.

Here are four drivers experts say will push Bitcoin’s price to the next level.

Do

Election betting supercharged Polymarket’s success in 2024, but trading volume and user numbers have tanked since Donald Trump was named president-elect this week.

With the prediction market’s biggest bets — which had a cumulative volume of $3.7 billion and made up the bulk of the platform’s activity — going up in a puff of jackpot payouts to its biggest winners, questions mount abut whether Polymarket can ever recapture the same buzz.

“This is a major challenge for them,” Claude Donzé, a prin

Bitcoin hit a new all-time high on Thursday on the second day of market euphoria following the election of Donald Trump in the US.

The price of one Bitcoin almost hit $76,900 on Thursday, topping the record it had set just 24 hours earlier.

Bitcoin’s latest rally comes as the US Federal Reserve lowered interest rates by a quarter of a percentage point, another sign the country’s central bank considers its three-year fight against inflation largely won.

Interest rate cuts typically benefit equ

When he spoke to the Bitcoin faithful at a conference in July, Donald Trump made plenty of promises. But the biggest cheers came after his pledge to fire the head of the US’ top financial regulator.

Even Trump was taken aback by the response.

“I didn’t know he was that unpopular,” Trump said, his voice almost drowned out by attendees’ cheers. “Let me say it again. On day one, I will fire Gary Gensler.”

Now, the president-elect, who scored a resounding victory in Tuesday’s US election, is in a

Mike Novogratz, founder and CEO of crypto investment firm Galaxy Digital, didn’t back Donald Trump for president.

Still, the crypto billionaire is among industry bigwigs excited at the prospects of more lax crypto regulations under Trump.

Novogratz said anti-crypto policies including the controversial SAB 121 which restricts banks from servicing crypto firms will be reversed under Trump’s administration.

“It’s [SAB 121] going to get repealed very quickly,” Novogratz said on Thursday during Ga

Gary Wang, co-founder and former CTO of failed crypto exchange FTX, not only helped the federal government prosecute his former boss for fraud.

Wang is also helping potentially identify illicit activities on other crypto exchanges, according to a court document filed ahead of his November 20 sentencing for his role in the FTX debacle.

In December 2022, Wang struck a plea deal with the Department of Justice. He was a key witness in the trial of former FTX CEO Sam Bankman-Fried, who was eventual

Just two weeks ago, US crypto exchange Kraken slashed 400 employees from its workforce in a move the firm characterised as an “organisational discipline” decision.

Now Donald Trump’s election win could be just what the exchange needs to get out of its funk.

“The US election outcome marks a significant turning point for crypto policy,” Jonathan Jachym, Kraken’s global head of policy, told DL News.

He added that Kraken is looking forward to working with the Trump administration and the new Cong

France’s gaming regulator will ban access to Polymarket, the crypto-based betting website that rose to prominence as traders made multimillion-dollar wagers on the US presidential election, in the European country.

That’s according to a report from The Big Whale, a French website that covers the crypto industry.

The regulator, whose French acronym is ANJ, “is expected to ban access to the site in the near future,” according to the report.

It cites an unnamed source close to the ANJ, who calle

Beware of the dog.

Donald Trump’s election to a second term in the White House may have lifted Bitcoin almost 10% over the last 24 hours.

But it’s Dogecoin, the joke token long associated with Elon Musk and a cute Shiba Inu that is leaving the rest of major cryptocurrencies in the dust.

Dogecoin has run up its price as high as 16% in the past day, trading around $0.21.

And its rise comes as the world’s richest person, Elon Musk, who has long touted Dogecoin as “the people’s crypto,” is set t

Crypto-linked stocks showed strong gains in premarket trading on Wednesday following Donald Trump’s victory in the US presidential election.

The uptick in crypto stocks follows a massive upswing in cryptocurrency prices as Bitcoin set a new peak above $75,000. Crypto’s market size grew 7% overnight to reach $2.6 trillion.

This rally will likely drive Bitcoin up to $90,000 by the end of 2024 and to $200,000 by the end of next year, according to a note from research and brokerage firm Bernstein

Bitcoin loves Donald Trump.

The world’s leading cryptocurrency hit an all-time high as the Republican presidential candidate’s victory in the US election became a certainty on Wednesday morning.

Bitcoin’s surge past $75,000 is just the beginning, according to UK bank Standard Chartered’s analysts.

The top cryptocurrency will hit $125,000 by the end of this year and $200,000 by the end of 2025, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, said during a Wednesda

Donald Trump’s imminent return to the White House sparked a crypto frenzy.

Bitcoin surged to an all-time high above $75,000 as the industry anticipates more relaxed digital assets regulation.

But it wasn’t just Bitcoin. Solana, XRP, and Dogecoin also stand to gain as those tokens soared, too.

Solana

It’s Solana that stands to benefit the most under Trump, according to Anmol Singh, Founder of Solana derivatives protocol Zeta Markets.

“Solana is still viewed as a security by the SEC,” he said

Crypto’s luminaries are ecstatic.

Donald Trump, the industry’s preferred presidential candidate, has won the general election.

And just as the incoming commander-in-chief celebrated his own “magnificent victory,” the crypto industry also did its own victory lap.

“Time to build, baby, build!” Cameron Winklevoss, co-founder of the crypto exchange Gemini, wrote on X.

Their online revelry marks a milestone. Crypto mavens are likely to have a US president who isn’t hostile or indifferent to an ob

Donald Trump wasn’t the only winner on Tuesday.

Théo, the French trader who wagered big time on Trump winning a second term on Polymarket, is poised to rake in at least $48.5 million on his audacious wager, according to data on the platform.

With Trump just three Electoral College votes away from winning the election on Wednesday morning, his wager may go down as one of the richest paydays in political betting ever.

And that result is also a triumph for Polymarket itself.

The crypto-fuelled

Bitcoin loves Donald Trump.

The top cryptocurrency surged almost 10%, to $75,358, as results poured in Tuesday from the US presidential election and the Republican Party nominee closed in on the 270 Electoral College votes he needs to win the White House.

So, too, did other digital assets. Ether was up 8.5%, and Solana’s SOL token skyrocketed more than 15%, according to data from CoinGecko.

The total market value for the asset class has now increased more than 50% in 2024, to $2.6 trillion.

Crypto will never be the same.

Donald Trump, the former president who embraced Bitcoin and its ilk this spring and even launched his own fledgling DeFi protocol, has made big promises to the industry.

Now that he is appears close to defeating Vice President Kamala Harris at the polls, his supporters in the crypto market will expect him to deliver.

But for now, Bitcoin bros couldn’t be happier that he’s simply nearing victory.

“All of the libs clutching their pearls about the pro-crypto lobby

Bernie Moreno, a Republican crypto champion backed by $40 million in industry campaign cash, defeated Sherrod Brown, a Democratic incumbent and industry sceptic, in the Ohio Senate race Tuesday, according to the Associated Press.

That’s a big deal for crypto.

“This is what happens when you mess with the crypto army,” Cameron Winklevoss, co-founder of crypto exchange Gemini, wrote early Wednesday on X.

As chair of the Senate Banking Committee, Brown was considered a major obstacle to the passa

Bitcoin price hardly wavered on the back of exit polls suggesting that issues surrounding US democracy and the economy was foremost among voters.

Exit polls survey early voting patterns among the electorate to predict an election’s outcome. They are not always accurate and have a high margin of error.

The exit polls showed Americans who cast their ballot in the election identified democracy and economy as their biggest concerns in what is tipped to be a tight race between Vice President Kamala

Bitwise Chief Investment Officer Matt Hougan says crypto adoption will continue its upward trajectory regardless of who wins the US election.

“Short-term, a Trump victory is better than a Harris victory,” he said of candidates Donald Trump and Kamala Harris. “Long-term, Bitcoin, Ethereum, and stablecoins will thrive regardless of who wins.”

Hougan’s view comes in sharp contrast to many in the crypto industry who have said a Harris victory would be devastating for digital assets.

They cite the

Anthony Scaramucci, who was famously former President Donald Trump’s press chief for only 11 days, says he’d be happy to advise him on crypto policy should he win the election today.

That is, if he’s asked.

He’d help a potential President Kamala Harris on crypto as well, he told investment platform Saxo in an interview this week.

Below are snippets from the interview.

Bitcoin’s price

Bitcoin’s going higher irrespective of whoever is the president. Bitcoin in the short run would probably go