The post Why Bitcoin Is Going Up? appeared first on Coinpedia Fintech News
Pioneer cryptocurrency bitcoin price has just hit a new all-time high, reaching an impressive $97,858. This is a major milestone for the world’s most popular cryptocurrency, bringing its market value close to $2 trillion. The rally has been particularly strong in the two weeks following Donald Trump’s victory in the U.S. presidential election, and many are calling it the “Trump trade” because of the positive effect his win has had on Bitcoin’s price.
“Trump Trade” Keeps Going Strong
Bitcoin’s price has been on an unstoppable rise, especially after Donald Trump’s election win. As his victory became clearer, Bitcoin quickly surged, breaking its previous all-time high from March of $73,737.
The market rally that started after Donald Trump’s win is still going strong, marking a significant 35% jump since then.
Thanks to a pro-crypto government and new interest rate cuts from the
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