Cryptocurrency Q&A Why Bitcoin is bullish?

Why Bitcoin is bullish?

Martina Martina Thu Dec 05 2024 | 7 answers 1291
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? Why Bitcoin is bullish?

7 answers

CryptoPioneer CryptoPioneer Sat Dec 07 2024
Bitcoin experienced a significant surge following Donald Trump's election victory on November 1.

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Rosalia Rosalia Sat Dec 07 2024
As a result, Bitcoin's price began to climb steadily after Trump's victory.

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Carlo Carlo Sat Dec 07 2024
The cryptocurrency's value increased by approximately 40% during this period.

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Riccardo Riccardo Sat Dec 07 2024
This surge was fueled by expectations of a crypto-friendly administration and Congress.

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JejuSunshineSoulMateWarmth JejuSunshineSoulMateWarmth Sat Dec 07 2024
Investors anticipated that the new government would adopt policies that were favorable to cryptocurrencies.

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