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Bitcoin has surged by 129% in 2024, driven by the April halving event and the U.S. Presidential election.

Bitcoin has recently entered a key phase in its market cycle, according to Tom Lee, co-founder of Fundstrat.

(Bloomberg) -- US exchange-traded funds investing directly in Bitcoin and Ether are enjoying unprecedented demand, buoyed by President-elect Donald Trump’s pledge to unfetter the crypto industry from regulatory shackles.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThe groups of Bitcoin and Ether ETFs each posted record monthly net inf

Ether's Price Chart Now Mirrors a Pattern That Foretold Bitcoin's Record Rally

Ether's Price Chart Now Mirrors a Pattern That Foretold Bitcoin's Record Rally

Improved outlook for the DeFi space and warmer regulatory climate with incoming U.S. administration are main drivers behind the sentiment shift towards ether, LMAX strategist Joel Kruger said.

After a blistering post-election rally that saw Bitcoin (CRYPTO: BTC) soar by nearly 40%, investors were quick to credit the pro-crypto optimism surrounding a Donald Trump presidency. While Bitcoin has since pulled back from the $100,000 mark, all lights seem to be flashing green for crypto as we head into 2025. Will a Donald Trump presidency lift the entire crypto market, or will it primarily boost the fortunes of Bitcoin?