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Bitcoin tops $89,000 as crypto euphoria over Trump win shows no sign of waning - TL;DR CNBC

Bitcoin tops $89,000 as crypto euphoria over Trump win shows no sign of waning

Publishing timestamp: 2024-11-11 18:28:10


Summary

Citi strategists highlight that crypto has been one of the few Trump trades that has yet to retrace. President-elect Donald Trump's promises to the crypto industry have led to a surge in prices, with analysts expecting bitcoin to hit $100,000 by the end of the year. Stocks like Coinbase and MicroStrategy have also seen significant gains.


Sentiment: POSITIVE

Tickers: ADA.CM=,  DOGE.CM=,  COIN,  BTC.CM=,  MSTR,  ETH.CM=,  XRP.CM=, 

Keywords: cryptocurrency,  dogecoin/usd coin metrics,  markets,  donald trump,  ripple/usd coin metrics,  bitcoin/usd coin metrics,  bitcoin,  technology,  politics,  microstrategy inc,  breaking news: technology,  cardano/usd coin metrics,  breaking news: politics,  shiba inu/usd coin metrics,  breaking news: markets,  coinbase global inc,  breaking news: investing,  business news,  investment strategy,  ethereum/usd coin metrics, 

Source: https://www.cnbc.com/2024/11/11/crypto-market-today.html


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