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Stock Market Today: Dow extends gains as S&P 500 approaches 6,000

Harry November 12, 2024

Bitcoin hit an all-time high near $85,000 on Monday amid excitement that digital assets could face a friendlier regulatory environment after Donald Trump won the US presidential election last week.

Many industry participants are optimistic that Bitcoin could rise further by the end of the year.

Bitwise chief investment officer Matt Hougan said he expects Bitcoin to reach $100,000 by the end of the year and $200,000 by the end of 2025, as Trump stated. swore Appointing a crypto-friendly chairman to the Securities and Exchange Commission and creating a bitcoin reserve in the US

Still, investors should proceed cautiously as Bitcoin is highly volatile.

The market is currently “in a state of euphoria,” QCP Capital analysts wrote in a note on Monday.