What Trump’s win means for Bitcoin, ETF inflows, SEC chair and more | Weekly Recap
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 10 2024Bitcoin's New All-Time High: Following the U.S. presidential election, Bitcoin reached a new peak of $79,780, driven by market optimism and a Federal Reserve interest rate cut, while crypto ETFs experienced record inflows totaling over $2 billion.
Political Impact on Crypto Regulation: The election results led to a surge in pro-crypto lawmakers, with discussions about replacing SEC chair Gary Gensler gaining traction, as Trump promised to fire him, potentially paving the way for a more favorable regulatory environment for cryptocurrencies.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
