From Investing.com

November 19, 2024 06:11 AM:

Bitcoin has surged over 32% to a record high of $91,000 as traders anticipate less restrictive regulations under President-elect Donald Trump. Daily trading volume on Binance doubled to $493 million, while Coinbase saw triple the activity at $108 million per day. ETFs tracking bitcoin saw record inflows of $1.43 billion on Nov. 7.

The total cryptocurrency market value has hit $3.16 trillion, with bitcoin’s 30-day volatility at 58%, the highest since September. Open interest on derivatives exchanges reached a record high of $102 billion. The market value of decentralized finance-focused tokens also reached a five-month high of $93 billion.

The appointment of Trump’s Treasury Secretary is crucial, as potential crypto-friendly candidates like Howard Lutnick and Scott Bessent are being considered. Analysts warn of potential market pullbacks as traders speculate on the impact of the new administration. Stay alert for short-term fluctuations.

Read more at Investing.com: ‘Elation’ as bitcoin basks in Trump glow By Reuters