DECRYPTION – The most famous cryptocurrency crossed $90,000 on Wednesday for the first time in its history. If the president-elect's campaign promises partly explain this sudden jump, other factors are at work.
Two years almost to the day separate the dive into the depths from its new all-time high. After suffering the backlash from the bankruptcy of the FTX exchange platform in November 2022, the price of bitcoin exceeded $91,000 on Wednesday November 13. The result of an exceptional surge, the most famous cryptocurrency has gained more than 30% since the election of Donald Trump. The increase has even exceeded 110% since the start of 2024, marked by the mass entry of institutional investors into the cryptocurrency market. Its total capitalization exceeded $3.1 trillion on Wednesday, for the first time since the post-Covid pandemic era. In the wake of bitcoin, other cryptocurrencies are experiencing strong growth, such as Ethereum, whose price has jumped more than 30% in seven days.
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