Bitcoin is approaching the $77,000 mark following Donald Trump's recent victory, which has ignited a surge in bullish sentiment among investors. On November 7, 2024, the day after Trump's election win, net inflows into Bitcoin spot ETFs reached an all-time high of $1.38 billion. Analysts believe this momentum, alongside expectations of a Federal Reserve interest rate cut, could drive Bitcoin prices even higher. Following his victory, Bitcoin hit a record high of $76,999, and further inflows into Bitcoin products may propel it past $77,000. Historical patterns suggest that Bitcoin's post-halving bull market could continue until the third quarter of 2025. Additionally, amidst concerns over potential tariffs on China proposed by Trump, Bitcoin could see less risk premium compared to equities, potentially enhancing its appeal as a risk-on asset. The current investor optimism is expected to increase spot and ETF buying, creating a feedback loop that could further elevate Bitcoin prices.

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