The global cryptocurrency market's value has topped $3 trillion as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class.
The sum market value of cryptocurrencies touched a high of nearly $3.2 trillion early on Nov. 14 in Asia, based on analytics and data aggregator CoinGecko, and was last just shy of that level.
Remember, markets pump/dump in ANTICIPATION of a thing, not because of the thing itself.
Trump winning is undoubtedly good for the US and global economies and for global conflicts to settle soon, however, I'm very wary of the fact that the narrative is now "the biggest bull market of all time has just started."
I wouldn't be surprised to see the markets continue upwards through January (I've been saying Q4 would be bullish for the entire year basically), and then a correction sometime after inauguration day ("sell the news").
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