Bitcoin hit a new ATH today as well, rallying to as high as $76,943. While some cryptocurrencies rallied in the crypto markets after Donald Trump won the elections, Bitcoin discovered new highs in 3 days and it seems that it will continue to do so. Bitcoin is currently trading at $76,119.
Additionally, the US Federal Reserve (Fed) lowered its policy rate by another 25 basis points today. As interest rates fall, I expect investments in cryptos to increase even more.
Everything is going well in the crypto market right now and if the positive atmosphere continues, I think Bitcoin will continue to discover new peaks. However, the negativities that will arise can turn things upside down, it is useful to be careful. Frankly, I continue to be optimistic, especially regarding altcoins, which is why I follow them more closely.
