Bitcoin Bolts To Record High On GOP Sweep; Analysts Eye $100k

Blockhead11-06 20:41

Cryptocurrency prices spiked Tuesday night with bitcoin hitting a new record high of nearly $75,000 as the U.S. election registered a broad victory for Republicans. Ahead of the voting, analysts had ...

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Ahead of the voting, analysts had ...</p>\n\n<a href=\"https://www.investors.com/news/bitcoin-price-outlook-2024-us-election-trump-kamala-harris-nov-6/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Bolts To Record High On GOP Sweep; Analysts Eye $100k</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Bolts To Record High On GOP Sweep; Analysts Eye $100k\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 20:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/bitcoin-price-outlook-2024-us-election-trump-kamala-harris-nov-6/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency prices spiked Tuesday night with bitcoin hitting a new record high of nearly $75,000 as the U.S. election registered a broad victory for Republicans. Ahead of the voting, analysts had ...</p>\n\n<a href=\"https://www.investors.com/news/bitcoin-price-outlook-2024-us-election-trump-kamala-harris-nov-6/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4551","symbol_name":"寇图资本持仓","start_time":0,"source_url":"https://www.investors.com/news/bitcoin-price-outlook-2024-us-election-trump-kamala-harris-nov-6/","article_id":"2481960669","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2017/12/stock-bitcoin-09-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481960669","pubTimestamp":1730896882,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"The price of bitcoin hit a record of just shy of $75,000 Tuesday night. Industry pros look for $100k in 2025.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","BK4551":"寇图资本持仓","HUT":"Hut 8 Mining Corp","BK4547":"WSB热门概念","MARA":"Marathon Digital Holdings Inc","09008":"博时比特币-U","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4596":"哈里斯概念","03042":"华夏比特币","BK4112":"金融交易所和数据","RIOT":"Riot Platforms","COIN":"Coinbase Global, Inc.","BK4539":"次新股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","MSTR":"MicroStrategy Incorporated","BK4023":"应用软件","BK4516":"特朗普概念","03439":"嘉实比特币","BK4554":"元宇宙及AR概念","09042":"华夏比特币-U","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK4595":"比特币概念","BK4535":"淡马锡持仓","09439":"嘉实比特币-U","CORZ":"Core Scientific, Inc.","03008":"博时比特币","BK4116":"互联网服务与基础架构","BK4588":"碎股","BTBT":"Bit Digital, Inc."},"translate_title":"比特币在共和党横扫中创下历史新高；分析师关注10万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03042":1,"BTBT":1,"CORZ":1,"HUT":1,"03008":1,"09439":1,"09042":1,"09008":1,"03439":1,"MARA":0.9,"RIOT":0.8,"COIN":0.8,"MSTR":0.6},"content_text":"Cryptocurrency prices spiked Tuesday night with bitcoin hitting a new record high of nearly $75,000 as the U.S. election registered a broad victory for Republicans. Ahead of the voting, analysts had generally expected the price of bitcoin to rally regardless of the election's outcome.\n\n\n\n↑\nX\n\n\n\n\n2024 Election Investing Strategies: How To Prepare Your Portfolio\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\n2024 Election Investing Strategies: How To Prepare Your Portfolio\n\n\n\n\nBitcoin spiked Tuesday night to a new record of $74,977 according to CoinDesk, up more than 9% over the last 24 hours. The move topped the cryptocurrency's previous all-time high of  $73,798 from March 14. Coin Metrics pegged the high at $75,000.\n\"We continue to see plenty of support around crypto assets in 2024, including what promises to be a friendly incoming U.S. administration, whoever it might be,\" Joel Kruger, market strategist at LMAX Group wrote to IBD. \"Indeed, Trump has been decidedly more crypto-friendly. At the same time, this has forced the hand of the Harris campaign to take on its own crypto-friendly policies, all of which have been supportive in the lead up to the November election.\"\nKruger early Tuesday had noted a lot of the uncertainty in the global markets centered around U.S. election risk. But he did not expect much downside impact, other than short-term volatility, in the immediate aftermath.\n\"We believe the most important takeaway with respect to the election is what we've already learned over the past several weeks — namely, the fact that both parties have recognized the important innovation in the space, while showing a clear willingness to support the emerging industry and asset class,\" Kruger added.\nMeanwhile, Kruger and LMAX forecast a \"stellar\" Q4 performance from bitcoin following a solid start to the year, setting the stage for a record high. Kruger points to $100,000 as the next major milestone, potentially before the year is out.\nElsewhere, Bernstein predicts bitcoin could hit $200,000 in 2025, also regardless of the outcome of Tuesday's election. A lack of U.S. fiscal discipline, record debt levels and monetary expansion have driven up demand for hard assets, analysts wrote in a research note obtained by The Block. The success of spot bitcoin ETFs further accelerated the trend with enough headroom for growth, Bernstein wrote.\nThe crypto markets haven't yet priced in a victory for either candidate, Bernstein analysts assess. They expect bitcoin could reach $80,000 to $90,000 by Inauguration Day on Jan. 20 in the case of a Trump win. A Harris victory could prompt a drop to $50,000 over that period before recovering, according to the firm.\n\"We think once there is a clear winner, bitcoin will rally strongly,\" Matthew Sigel, head of digital assets research at VanEck, wrote to IBD, noting that occurred 4 years ago. However, Sigel believes that ethereum, solana and other alternative cryptocurrencies may require a Trump victory to outperform.\nBitcoin Election History\nJames Van Straten, a senior analyst at CoinDesk, noted that the U.S. election has been a catalyst for bitcoin price surges, but those returns are diminishing. The price of bitcoin rocketed about 12,000% between Nov. 5, 2012 and November 2013. Following the 2016 election, bitcoin appreciated about 3,600% by December 2017. Bitcoin rallied 478% in the 12 months following the 2020 election.\nExtending the prior trends implies a postelection rally of about 47.8%. That puts bitcoin around $103, 500 in Q4 of 2025, Van Straten wrote.\nBitcoin Price, Crypto Action\nBitcoin spiked Tuesday night to a new record of $74,977 according to CoinDesk, up more than 9% over the last 24 hours. Bitcoin had touched a low for the week of just above $67,000 on Monday.\nThe world's largest cryptocurrency has rallied 77% so far this year.\nEthereum traded near $2,600 Tuesday night, gaining more than 7% on the day. ETH is still below its Oct. 20 peak near $2,750. Ethereum climbed about 13% in 2024 after reaching a 52-week high of $4,090 in March.\nCoinbase (COIN) stock surged 3.3% Tuesday. The stock climbed 1.9% Monday, rebounding slightly off its 50-day line. Shares of the crypto exchange tumbled almost 11% last week after Coinbase missed Q3 earnings views.\nBitcoin miners Marathon Digital (MARA), Iren (IREN), Hut 8 (HUT), Core Scientific (CORZ), Bit Digital (BTBT) and CleanSpark (CLSK) rebounded strongly Tuesday after carving lower Monday.\nSpot bitcoin ETFs as a group rebounded more than 3% Tuesday to recoup their Monday declines.\nYou can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison\nYOU MAY ALSO LIKE:\nKeep Up With Cryptocurrency Prices and News\nLooking For The Next Big Stock Market Winners? Start With These 3 Steps\nJoin IBD Live And Learn Top Chart Reading And Trading Techniques From Pros\nLearn How To Time The Market With IBD's ETF Market Strategy\nBitcoin Hits High, Futures Jump On Trump Election Bets (Live)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481960669"}