Comment on Bitcoin regains $90,000 after biggest post-election drawdown

Bitcoin regains $90,000 after biggest post-election drawdown

Bitcoin (BTC) is back above $90,000 following its biggest correction ever since Republican candidate Donald Trump won the United States presidential elections. Market data shows that Bitcoin is trading at $92,000 after seeing its price increase by 1.85% over the last 24 hours to the time of writing. Bitcoin is also 9.4% up over the last seven days — but still short of its all-time high of $93,200 reported earlier this week. Market data Most analysts believe that the ongoing bull run in the Bitcoin — and broader crypto — market is caused by the victory of Republican candidate Trump in the United States presidential elections.

 

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