From Investing.com

November 11, 2024 2:58:04 pm:

Bitcoin hit a new record high following Trump’s victory, with Dogecoin also surging. Increased capital inflows into crypto investment vehicles drove Bitcoin to $86,117.0. Trump’s pro-crypto stance fueled gains in the industry, with optimism over a Trump presidency boosting crypto ETFs. Bitcoin’s 2024 gains reach 91%.

Bernstein analysts advise investors to “buy everything you can” as they expect a crypto-friendly regulatory environment under Trump. Expectations of favorable policies under Trump drove Bitcoin above $80,000, with proposals for a national Bitcoin reserve reinforcing positive outlook. Bernstein maintains a 2025 Bitcoin price target of $200,000.

While altcoins cooled, Dogecoin stood out with a 29% surge to $0.2912. Ethereum dipped slightly to $3,170.31, while other altcoins like Solana and Cardano fell. Polkadot jumped over 5%. Musk’s potential role in the Trump administration boosted DOGE, while AI-driven mining firms benefitted from Bitcoin’s rally.

Read more at Investing.com: hits fresh record high of $86k By Investing.com