As of November 15, 2024, the cryptocurrency market is experiencing significant volatility, influenced by a combination of political developments, market dynamics, and investor behavior.
Political Developments and Market Impact
The recent re-election of Donald Trump as U.S. President has notably impacted the crypto market. His administration’s pro-crypto stance, including plans to establish a national Bitcoin reserve, has fueled investor optimism. This sentiment contributed to Bitcoin reaching an all-time high of over $93,000 earlier this week.
Market Capitalization and Trading Volume
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