Catenaa, Thursday, November 12, 2024-Bitcoin has climbed to the 9th spot in global market capitalization, surpassing Meta Platforms following a surge driven by investor optimism over Donald Trump’s US presidential victory.
Bitcoin’s market cap reached $1.46 trillion, with the cryptocurrency trading around $73,800, just behind Saudi Aramco.
Analysts cite Trump’s potential pro-crypto policies, including the possible designation of Bitcoin as a strategic reserve asset, as a major influence on the price surge.
The rally has boosted Trump-themed meme coins like the MAGA token by up to 530%, while Harris-themed tokens faced significant declines.
