Bitcoin Surge Follows Trump’s Trade Shift, Bolsters Crypto Market

Cryptocurrencies experienced a surprising surge in price recently, largely attributed to former President Trump’s policy shift. Following the Federal Reserve meeting, Trump lifted chip restrictions under pressure from Nvidia, providing much-needed support to risky markets like AI and cryptocurrency. This move boosted spot prices across various sectors. Cryptocurrency experts are weighing in on the market changes with Raoul Pal expressing excitement over Bitcoin’s climb to $99,888. He suggests that Bitcoin’s dominance might be nearing a peak, potentially paving the way for altcoin price surges. Raoul Pal is analyzing historic trends and comparing current levels to previous peaks in 2021 and 2017.