Bitcoin is on fire, bouncing back early Tuesday morning and stoking hopes that the symbolic $100,000 mark is within arm’s reach. In the past 24 hours, Bitcoin’s price climbed 6.8% to $87,600, while Ethereum is up 3.3%. Many altcoins followed suit, with Avalanche up 8.4%, Dogecoin gaining 35.1%, Shiba Inu adding 2.5%, BNB rising 1.1%, and XRP seeing a 9.9% bump.
### Key Drivers:
- Trump’s Election Victory: The biggest driver for now, boosting market confidence.
- Post-Halving Supply Squeeze: Reduced supply is pushing prices higher.
- Favorable Macroeconomic Developments: Broader trends are supporting the surge.
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