The price of Bitcoin (BTC) is going parabolic.
BTC has surged from about $76,000 on Friday to $79,373 at time of publishing.
The leading crypto asset has forcefully rallied following Donald Trump’s sweeping victory over Kamala Harris last week.
Trump has called himself the pro-Bitcoin and crypto candidate, stating he will support the $2.6 trillion industry and create a strategic Bitcoin reserve.
In the days before the election was called, BTC was priced at about $68,000.
Bitcoin ETFs have also witnessed major accumulation amid Trump’s re-ascention.
Despite launching early this year, BlackRock’s spot-Bitcoin exchange-traded fund is now bigger than its gold fund, reports Bloomberg, reaching a whopping $34.3 billion.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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