Bitcoin set for weekly rise of 8.3% as crypto frenzy continues post Trump's win

seekingalpha04:10

spawns Bitcoin (BTC-USD) is set to rise 8.3% on a weekly basis, as the cryptocurrency continues to see a meteoric rise after Donald Trump's win in the U.S. presidential election. The world's oldest ...

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The world's oldest ...</p>\n\n<a href=\"https://seekingalpha.com/news/4322050-bitcoin-set-for-weekly-rise-of-xx-as-crypto-frenzy-continues-post-trumps-win\">Source Link</a>\n\n</div>\n","source":"seekingalpha_trending_news","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 set for weekly rise of 8.3% as crypto frenzy continues post Trump's win</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 set for weekly rise of 8.3% as crypto frenzy continues post Trump's win\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-23 04:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4322050-bitcoin-set-for-weekly-rise-of-xx-as-crypto-frenzy-continues-post-trumps-win><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>spawns  Bitcoin (BTC-USD) is set to rise 8.3% on a weekly basis, as the cryptocurrency continues to see a meteoric rise after Donald Trump's win in the U.S. presidential election.  The world's oldest ...</p>\n\n<a href=\"https://seekingalpha.com/news/4322050-bitcoin-set-for-weekly-rise-of-xx-as-crypto-frenzy-continues-post-trumps-win\">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":"83042","symbol_name":"华夏比特币-R","start_time":0,"source_url":"https://seekingalpha.com/news/4322050-bitcoin-set-for-weekly-rise-of-xx-as-crypto-frenzy-continues-post-trumps-win","article_id":"2485216750","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1363293985/image_1363293985.jpg?io=getty-c-w750"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485216750","pubTimestamp":1732306230,"sourceInfo":{"source_id":"seekingalpha_trending_news","name":"Seeking Alpha Trending News"},"weMediaInfo":null,"summary":"spawns  Bitcoin (BTC-USD) is set to rise 8.3% on a weekly basis, as the cryptocurrency continues to see a meteoric rise after Donald Trump's win in the U.S. presidential election.  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The world's oldest cryptocurrency has risen ~41% since the U.S. Election Day. Bitcoin (BTC-USD) is becoming one of the most prominent \"Trump trades\" in the aftermath of the 2024 election, and has been hovering around the $100K mark since Thursday. Back on the campaign trail, now President-elect Donald Trump jumped on the crypto bandwagon, with promises to create a Bitcoin Strategic Reserve, fight CBDCs, and defend the right to self-custody. \"Crypto has by far been the hottest asset class following Trump's election, with BTC rocketing to record highs above $90k and outpacing even its levered Nasdaq brethren. Gains have been led primarily in the U.S. hours as mainstream participation has been increasing from the U.S., with spot ETF seeing dramatic inflows with BTC gaining +1.7B, and ETH adding +500M on a weekly basis,\" said Augustine Fan, Head of Insights, SOFA. We feel that the 'easy' part of the rally has been done and the next stage will be much trickier with more price choppiness and potential for drawdowns, Fan added.  The cryptocurrency has traded nearly above the $90K mark in the week.  \"Bitcoin’s price surge is fueled by institutional demand, growing mainstream acceptance, and a derivatives market boom,\" Seeking Alpha analyst Dean Popplewell. ETF inflows have approached $2 billion in three days, further boosting Bitcoin’s rally, Popplewell added.  Past bull runs suggest buying the breakout is more favorable than waiting for a significant pullback, as the current price offers the next best profit-risk profile, said Seeking Alpha analyst Made Easy - Finance. BTC touched its fourth consecutive record high at $99.4K on Friday.  Notable News   MicroStrategy (MSTR) slumped 16.2% to $397.28/share on Thursday, reversing earlier gains that saw shares rise nearly 15%, after activist short seller Andrew Left's Citron Research bet against the \"overheated\" stock. BTIG analyst Andrew Harte is praising MicroStrategy's (MSTR) plan announced at the end of October to raise $42B of capital over the next three years to buy more Bitcoin (BTC-USD).  Charles Schwab (SCHW), one of the largest U.S. brokerage firms, is mulling whether to enter spot crypto trading, though it's holding off until regulators establish clear guidelines for the emerging market, Rick Wurster, the firm's president, told Bloomberg Radio. Chris Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission, is emerging as a frontrunner for the newly proposed \"crypto czar\" role, a position under consideration by Trump's transition team to focus on crypto policy. Trump's team of advisers is holding talks with the digital asset industry about whether to form a new White House position focused on cryptocurrency policy.  Bitcoin (BTC-USD) rose as high as $94.6K Wednesday morning, the day after options tied to a bitcoin ETF started trading. Trump reportedly met with Coinbase (COIN) CEO Brian Armstrong. Trump's social media company, Trump Media and Technology (DJT), was reportedly in advanced talks to acquire the crypto trading venue Bakkt (BKKT) in an all-stock deal.  Bitcoin, Ether prices Bitcoin (BTC-USD) up 1.6% to ~$99.5K at 3:09 pm on Friday. Ether (ETH-USD) fell 2.4% at $3.3K.","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":0,"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":"4.29.2","shortVersion":"4.29.2","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/2485216750"}