{"id":121428,"date":"2024-11-07T22:11:53","date_gmt":"2024-11-07T22:11:53","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/markets-foresee-mega-bull-on-horizon-for-cryptocurrencies-after-us-election"},"modified":"2024-11-07T22:39:44","modified_gmt":"2024-11-07T22:39:44","slug":"markets-foresee-mega-bull-on-horizon-for-cryptocurrencies-after-us-election","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/markets-foresee-mega-bull-on-horizon-for-cryptocurrencies-after-us-election","title":{"rendered":"Markets foresee \u2018mega bull\u2019 on horizon for cryptocurrencies after US election"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>The cryptocurrency market surged following Donald Trump\u2019s win in the US elections, with experts forecasting a possible \u201cmega bull\u201d run on the horizon.<\/p>\n

Bitcoin, the most valuable cryptocurrency, hit a record, surpassing $75,000, while other cryptocurrencies saw gains exceeding 10%, pushing the crypto market closer to $2.5 trillion.<\/p>\n

Trump took a favorable stance on cryptocurrencies and crypto assets during his campaign.<\/p>\n

Ismail Hakki Polat, a new media lecturer at Istanbul Kadir Has University, told Anadolu that Republican control of the US Senate and House of Representatives, combined with Trump\u2019s win, has lifted crypto market sentiment, with hopes rising for regulated integration of cryptocurrencies into the American financial system as per Trump\u2019s promises.<\/p>\n

Polat suggested that an initial change in Trump\u2019s second term, which begins Jan. 20, could be the departure of US Securities and Exchange Commission (SEC) Chairperson Gary Gensler.<\/p>\n

He noted that beyond Bitcoin, other cryptocurrencies may soon be incorporated.<\/p>\n

\u201cBitcoin broke a record with the increasing possibility of a Trump win and this can be expected to continue, albeit with fluctuations, in the coming period,\u201d he said.<\/p>\n

Cem Barlas Arslan, associate professor of economics at Anadolu University in Eskisehir, said billionaire Elon Musk, a Trump supporter, has influenced the crypto market.<\/p>\n

\u201cTrump may continue his positive statements on cryptocurrencies and implement incentive practices for them, but in my opinion, instead of clashing with the system, he wants to use the cryptocurrency system for the country\u2019s benefit, especially in mining, as he would prefer to direct Asia\u2019s shares in crypto mining to the US,\u201d Arslan told Anadolu.<\/p>\n

He added that widespread crypto use in the US could fuel an upward trend, with a significant \u201cmega bull\u201d run possible, although conditions are still developing. The first quarter of next year could see heightened activity, he said.<\/p>\n

\u201cThere is no serious movement in altcoin projects because Bitcoin\u2019s market dominance doesn\u2019t allow it for now, but I think the mobilization of altcoins can also begin a while after the bullish run in the market in general,\u201d he added.<\/p>\n

For More News And Analysis About Tanzania Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. The cryptocurrency market surged following Donald Trump\u2019s win in the US elections, with experts forecasting a possible \u201cmega bull\u201d run on the horizon. Bitcoin, the most valuable cryptocurrency, hit a record, surpassing $75,000, while other cryptocurrencies saw gains exceeding 10%, pushing the crypto market closer to $2.5 trillion. Trump took a favorable […]<\/p>\n","protected":false},"author":84,"featured_media":121427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[7507,13205,711],"class_list":["post-121428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-cryptocurrency","tag-mega-bull","tag-tanzania"],"yoast_head":"\nMarkets foresee \u2018mega bull\u2019 on horizon for cryptocurrencies after US election - Tanzania<\/title>\n<meta name=\"description\" content=\"The cryptocurrency market surged following Donald Trump\u2019s win in the US elections, with experts forecasting a possible \u201c ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/markets-foresee-mega-bull-on-horizon-for-cryptocurrencies-after-us-election\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markets foresee \u2018mega bull\u2019 on horizon for cryptocurrencies after US election\" \/>\n<meta property=\"og:description\" content=\"The cryptocurrency market surged following Donald Trump\u2019s win in the US elections, with experts forecasting a possible \u201c ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/markets-foresee-mega-bull-on-horizon-for-cryptocurrencies-after-us-election\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-07T22:11:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T22:39:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/11\/sm_1731006451.176264.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/markets-foresee-mega-bull-on-horizon-for-cryptocurrencies-after-us-election#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/markets-foresee-mega-bull-on-horizon-for-cryptocurrencies-after-us-election\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Markets foresee \u2018mega bull\u2019 on horizon for cryptocurrencies after US election\",\"datePublished\":\"2024-11-07T22:11:53+00:00\",\"dateModified\":\"2024-11-07T22:39:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/markets-foresee-mega-bull-on-horizon-for-cryptocurrencies-after-us-election\"},\"wordCount\":363,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/markets-foresee-mega-bull-on-horizon-for-cryptocurrencies-after-us-election#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/11\/sm_1731006451.176264.jpg\",\"keywords\":[\"Cryptocurrency\",\"mega bull\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/markets-foresee-mega-bull-on-horizon-for-cryptocurrencies-after-us-election#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/markets-foresee-mega-bull-on-horizon-for-cryptocurrencies-after-us-election\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/markets-foresee-mega-bull-on-horizon-for-cryptocurrencies-after-us-election\",\"name\":\"Markets foresee \u2018mega bull\u2019 on horizon for cryptocurrencies after US election - 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