BTC PASSES $77K FOR FIRST TIME AFTER TRUMP ELECTION WIN

Bitcoin has broken through the $77,000 barrier for the first time following Donald Trump's election win, and analysts predict further growth .

The cryptocurrency surged over 7% to an all-time high of $75,407 on Wednesday, with technical indicators suggesting a potential target of $78,777-$78,955 . This upward trend is attributed to Trump's pro-crypto stance, which has boosted investor confidence.

Key Factors Driving Bitcoin's Price:

Trump's Pro-Crypto Agenda: His proposed creation of a strategic national Bitcoin stockpile and plans to establish a Bitcoin and crypto presidential advisory council have contributed to the price surge .

Technical Indicators: The Relative Strength Index (RSI) momentum indicator on the weekly chart trades at 63, above its neutral level of 50, suggesting bullish momentum .

Market Sentiment: The "Trump trade" encompassing long positions in the dollar, crypto, and bets on higher Treasury yields – has gained traction leading up to the election .

As for the PolitFi token, I couldn't find specific information on its connection to the 10X gains. However, the overall cryptocurrency market is experiencing a bullish trend, with other coins like Ethereum and Ripple also seeing significant gains .