Bitcoin has surged to new all-time highs, reaching $76,500, following Donald Trump’s victory in the US elections.
The Coinbase Premium Index turned positive for the first time since October 18th, signaling a shift in market dynamics and increased buying interest in the US market.
The surge in demand suggests Bitcoin’s bullish momentum may only be beginning, with expectations of continued upward pressure.
The next few weeks will be pivotal as market participants await further developments, including the Federal Reserve’s decision on interest rates, which could impact Bitcoin’s next moves.