Madrid. Bitcoin, the most valuable and reference cryptocurrency in the market, continued its unstoppable rise in the early hours of Tuesday, approaching $90,000, still boosted by Donald Trump’s victory in the presidential elections in the United States.
The cryptocurrency was quoted at up to $89,599, after surpassing the historic threshold of $80,000 on Sunday.
According to Bloombergoperators are already considering a historical price of $100,000 for bitcoin.
The bitcoin rally in recent sessions, in which it has set successive historical highs in the expectation of a more favorable position on cryptocurrencies from the new US administration, has boosted the price of the crypto asset.
During the election campaign in the race for the White House, Trump promised to turn the United States into the world capital of cryptocurrencies, create a strategic reserve of bitcoin and appoint regulators who would bet on digital assets.
“The outcome of the 2024 US election is a moment of rebirth for the crypto industry,” wrote Jeff Dorman, chief investment officer and co-founder of asset manager Arca, in a research note.
“Events in crypto with this level of importance are rare. When they happen, they immediately broaden the world’s collective perspective on the potential of the crypto movement and where this technology will take the world in the future.”
Other crypto assets also benefit from the ‘Trump effect’. Ethereum accumulates a rise in the last week of more than 37 percent, while the price of Solana gains almost 32 percent and that of Cardano an increase of more than 79 percent. Likewise, Dogecoin, the ‘meme’ asset popularized by Elon Musk, one of the main businessmen linked to Trump’s candidacy, has skyrocketed more than 102 percent in one week.
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