Hello and Namaste Everyone,
Today is a good day for the crypto community. Donald Trump has won the presidential election and the reflection is visible in the Crypto market. Bitcoin has increased nicely with its price and it has also reached its all-time high. It is like October was a good month but November has been great and this move was expected also. Currently, the price of Bitcoin is over 73K U.S. dollars with a market dominance of 59.45% which is almost 60%. Even the entire market is looking green and you can see this by having a look at the snapshot shared below. We can see a tiny dot of red colour which is not even visible clearly and the rest of the market is completely green. Green is the favourite colour of every crypto community member and now we can see these green colours throughout the market in the crypto space.
The victory for Donald Trump was expected and if he wins then surely a positive impact was also expected on the Bitcoin price and the same is happening. Indeed it's a great time for the crypto market because Donald Trump is a crypto pro and hopefully he will do something that will empower the community. The US set an example then hopefully many other countries will also follow the footprint. This is required and more positive rules and regulations in the US will encourage more innovation and crypto exchanges will also be doing a great job. At least we can expect that now the security and exchange commission will be fair and it is also highly possible that Gary Gensler will be replaced by someone else.
This is the expectation from the new U S President Donald Trump and let's see how things move ahead. It will take some time to see some positive rules and regulations coming up but at this moment the market sentiments are great and it looks like bitcoin will grow even more. I don't know what price we can see but I'm happy to see how it has grown because, in the last twenty-four hours, the growth is almost seven per cent which is big and a similar percentage growth is also visible with Ethereum. A momentum that is positive in the market is great and possibly we are going to see Bitcoin reaching heights this year. You never know if this can also trigger the great bull run and that is what we all have been waiting for for a long.
Let's enjoy the market momentum but I think it is also not the right time to sell because there is a lot to come. I hope that the same momentum we can also see with high prices is green already but we expect a lot from high so even more appreciation should be happening as well. Congratulations to everyone who was waiting for the Donald Trump win in the US presidential election.
Thank you so much
Stay Safe
