Boom—Bitcoin just did it. After Trump’s surprise comeback win, the Big Orange Coin blasted past the cosmic $80,000 barrier, leaving normie assets in the dust. This rally ain’t your garden-variety green candle. It’s got crypto twitter buzzing, influencers flexing, and traders licking their chops for a shot at the legendary $100K.
Bitcoin’s lift-off got serious juice from Trump’s victory on Nov. 6. His campaign hinted at a full-throttle push for U.S. crypto dominance, even teasing a plan for a national Bitcoin reserve and appointing regulators who actually get how BTC ticks. Bitcoin’s price surge since the election? A fat 15.65%. And it’s not just Bitcoin riding high—Ether, Cardano, and even the meme-tastic Dogecoin all got in on the action.
Spot ETFs Gobble BTC, Sending FOMO Through the Roof
The real heavy hitters are pouring into BTC, and they’re doing it through one specific alley: spot ETFs. BlackRock’s blockbuster iShares Bitcoin Trust (IBIT), with its $35 billion valuation, just soaked up $1.4 billion in new inflows right after the election. Numbers like these have the crypto faithful calling this the “Trump Bump” as institutional money hits BTC like a freight train.
Crypto Rover, a well-known chart whisperer, went so far as to hint at BTC’s next milestone, noting how it “loves to print highs 50-60 days after U.S. elections.” Meanwhile, Doctor Profit pointed to jaw-dropping buy pressure—retail picked up 60,000 BTC in days, BlackRock snatched up 1,800, and only 450 BTC gets mined each day. Translation? Supplies are drying up faster than free mints in a bull market.
Rate Cuts and Demand Drain Push BTC to Uncharted Heights
Bitcoin’s 2024 run has stacked 80% gains, clobbering stocks and gold along the way. Rate cuts from the Fed gave it a turbo boost, making BTC the favorite hedge for everyone fed up with fiat’s funny money. Supply is about as thin as it gets with only two million BTC left on exchanges, so demand spikes like this have FOMO dialed to eleven.
With Trump’s election firing up fresh U.S. enthusiasm and Wall Street traders chugging the BTC Kool-Aid, this rally isn’t showing signs of cooling. Crypto heads are already eyeing the six-figure milestone, thinking this breakout could transform Bitcoin’s place in finance. The market knows BTC has seen hype cycles before, but this one feels different—this one feels like a reckoning.
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