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Bitcoin and Ether surge as Trump embraces crypto industry

Bitcoin and Ether surge as Trump embraces crypto industry

CointimeCointime2024/11/11 09:55
By:Cointime

Bitcoin and Ether have both experienced significant surges in value, with Bitcoin reaching a new all-time high of $81,858 and Ether surging by 28.7% to $3,165. The recent rally is attributed to the election of pro-crypto candidates and President-elect Donald Trump's promises to support the industry. Other tokens and shares of crypto firms have also seen a boost in value since the election, and Trump's anticipated crypto-friendly policies are expected to further benefit the industry. Former President Donald Trump has shifted his stance on the crypto industry, now embracing it as a counter to regulatory approaches under President Joe Biden and pledging to make the US the "crypto capital of the planet."

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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.

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