An incredible run for crypto and especially Bitcoin. We have an over 3 Trillion USD market cap and Bitcoin has gone on to a new ATH of over $93,000.00. Sounds out of this world. The bull run everyone was hoping for happened in one week.
Right now it has settled down to being over $88,000.00, still well above the last ATH we had a few months ago. Now the question is, will it keep there? Maybe or then again maybe not. Why has crypto seen this run?
Some say because Trump won the election, but I remember a lot of crypto enthusiasts saying US politics or policy have nothing to do with how crypto behaves. On the other hand is this bull run just as soon as Trump wins a coincidence? Maybe Trump winning has given crypto investors a confidence they did not have.
I really would not like to have to know that in fact politics has a role to play in crypto. It should be completely apart from that, crypto should be independent. I guess that is just a fools hope, everything is related to politics.