Crypto market soars to $3 trillion as Trump’s win sparks surge
The cryptocurrency market has hit a major milestone, surpassing a $3 trillion market cap following President-elect Donald Trump’s victory earlier this month.
Bitcoin surged to more than $93,000, up from below $70,000 before the elections, with altcoins following suit.
Trump’s positive stance is expected to influence the U.S. Securities and Exchange Commission (SEC) to adopt a more crypto-friendly approach.
The Crypto Fear and Greed Index hit a record high, signaling extreme optimism.
Experts caution, however, while long-term investors have profited, the market remains volatile.