Spot Bitcoin ETF recorded a new all-time high of over $1.37 billion in net inflows a day after Trump’s victory.
Bitcoin is flirting with the $77,000 mark, as Donald Trump’s victory inspired a new wave of bullish inflows into Bitcoin-related products, driven by expectations of improving economic policy in the United States.
The Bitcoin (BTC) price nearly broke above $77,000 on Nov. 8, two days after Trump was declared the winner of the US election, inspiring a new wave of investor appetite for risk-on assets.
According to a Nov. 8 research note from trading firm QCP Capital, investor optimism around a Republican presidential win could push Bitcoin past $77,000. QCP wrote:
