Bitcoin has been showing a bullish trend recently. I want to understand the reasons behind this positive momentum. Is it due to increased institutional investments, growing mainstream acceptance, or technological advancements in the cryptocurrency space?
7 answers
CryptoPioneer
Sat Dec 07 2024
Bitcoin experienced a significant surge following Donald Trump's election victory on November 1.
Rosalia
Sat Dec 07 2024
As a result, Bitcoin's price began to climb steadily after Trump's victory.
Carlo
Sat Dec 07 2024
The cryptocurrency's value increased by approximately 40% during this period.
Riccardo
Sat Dec 07 2024
This surge was fueled by expectations of a crypto-friendly administration and Congress.
JejuSunshineSoulMateWarmth
Sat Dec 07 2024
Investors anticipated that the new government would adopt policies that were favorable to cryptocurrencies.