“The effect of Trump’s rally is fading.” Will Bitcoin continue to grow?

On November 13 at 2:00 PM Moscow time, Bitcoin is trading at a price of $87.64 thousand, according to data from Coindesk. The growth of the cryptocurrency, which began in the context of the American elections, stopped the day before and the price did not exceed the mark of 90 thousand dollars.

According to BitRiver financial analyst Vladislav Antonov, Donald Trump’s victory in the US elections sparked additional interest from institutional investors, but the effect of the presidential election has already begun to fade.

“The effect of Trump’s rally is fading. The price of Bitcoin very quickly reached 90 thousand dollars. Now buyers will have to maintain their positions to avoid falling into a deep correction,” says Antonov.

Meanwhile, he noted that Bitcoin’s recovery potential remains until fall 2025, and reaching a price of $100,000 is “a matter of time.”

After Trump’s previous victory in 2016, Bitcoin went from around $700 in November 2016 to almost $20,000 in December 2017, representing an increase of more than 2,700%, recalled Victor Gatsolati, head of the legal department of monitoring Exnode crypto exchanges. The expert also believes that now “growth of more than $100,000 is possible.”

The founder of the Keine-Exchange network of foreign trade payment operators in digital assets and cryptocurrencies, Evgeniy Sapozhnikov, cites several reasons for the rise in the price of Bitcoin: the presidential race in the United States, the Federal Reserve rate ( On November 7, the rate was reduced for the second time in a row since March 2020 by 25 basis points, to 4.5-4.75% – editor’s note) and the introduction of stablecoins.

“There are good possibilities to continue [роста цены биткоина]”However, we should not fall into euphoria, because we are still at the stage of the ‘wild west’, where the slightest negative event affects the price of assets,” says Sapozhnikov.