Bitcoin Price Surpasses $79,000 in Abrupt Weekend Melt-Up
The price of Bitcoin ( BTC ) is going parabolic.
BTC has surged from about $76,000 on Friday to $79,373 at time of publishing.
The leading crypto asset has forcefully rallied following Donald Trump’s sweeping victory over Kamala Harris last week.
Trump has called himself the pro-Bitcoin and crypto candidate, stating he will support the $2.6 trillion industry and create a strategic Bitcoin reserve.
In the days before the election was called, BTC was priced at about $68,000.
Bitcoin ETFs have also witnessed major accumulation amid Trump’s re-ascention.
Despite launching early this year, BlackRock’s spot-Bitcoin exchange-traded fund is now bigger than its gold fund, reports Bloomberg, reaching a whopping $34.3 billion.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SK Hynix (SKHY.US) officially breaks ground on its first HBM advanced packaging plant in the US, investing over $4 billion, with mass production set to begin in 2029
South Korean storage chip giant SK Hynix held a groundbreaking ceremony on Thursday for its advanced storage chip packaging plant in Indiana, USA.
Top Midday Stories: Strong Nvidia, Salesforce, CrowdStrike Earnings Help Drive Stock Indexes Higher
Hormel Foods Trims Full-Year Sales Guidance Amid Weak Consumer Demand
Crypto prices
More
