Trump’s Crypto Moves Drive Bitcoin Surge Amid Bullish Market Shift
Bitcoin reached US$89,000 on Tuesday as cryptocurrency markets responded to Donald Trump’s election victory, marking a 30% increase in value over the past week.
The price movement reflects broader changes in market sentiment as Trump transitions from cryptocurrency sceptic to active market participant.
Political Influence Reshapes Market
The Trump campaign’s acceptance of cryptocurrency donations and appearances at industry events, where he pledged to position the United States as a global hub for digital asset development, signalled a shift in Republican policy.
This culminated in the September launch of World Liberty Financial, a decentralised finance platform developed by Trump and his sons Donald Jr, Eric, and Barron.
The venture,…
