Bitcoin reached a new all-time high of $76,000 after Donald Trump's recent election victory, signaling a strong bullish sentiment in the market. Traders are optimistic about a potential 0.25% Federal Reserve rate cut, which would enhance liquidity and lower the dollar's value, thus making riskier assets like Bitcoin more appealing. In the past 24 hours, BTC surged 6.6%, building on a 21% gain over the last month. Analysts note that Trump's win could lead to higher economic growth and fiscal spending, keeping traders anticipating further bullish momentum into 2025. However, concerns linger regarding the Federal Reserve's next moves, especially in relation to Fed Chair Jerome Powell's upcoming comments. The market has signaled uncertainty, with rising yields indicating possible inflation risks under Trump's administration. Many traders are also keeping an eye on China’s economic policies in response to U.S. tariffs, which could add volatility to Bitcoin prices, despite cryptocurrency trading being illegal in China.

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