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Bitcoin’s Insane Election Day Party Was Totally Not Driven by Desperation to Hold on to Last Shreds of Value

A  illustration of a party scene with balloons and confetti filled with bitcoin logos and dollar signs; people dressed in business attire holding 'Buy' and 'Sell' signs are dancing on tables while others sit at desks surrounded by screens displaying rising stock prices, conveying the chaotic yet optimistic atmosphere following election day. A giant Bitcoin logo is visible above the chaos.

The post-election Bitcoin rally: because who needs fundamentals when you have FOMO and empty promises?.

Source: bitcoin.com

A recent report from Coin Metrics highlights how post-election trading in bitcoin (BTC) has reached unprecedented levels, with the options market indicating strong investor optimism. Coin Metrics’ analysis provides a detailed look at bitcoin’s rally following the recent U.S. election, which saw unprecedented trading volumes and new all-time highs for BTC. According to the report, bitcoin’s price rose from $67,000 to nearly $90,000 within days, driven by heightened open interest […]

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