Following Donald Trump’s USA’s presidential win, the cryptocurrency market has surged with Bitcoin breaking past its previous all-time high to trade above $75,000, this unexpected rally is largely attributed to Trump’s pro-crypto stance, which investors believe could lead to a more favourable regulatory environment in the U.S. for digital assets. With the total crypto market cap jumping 14% overnight and trading volumes doubling, global investors are capitalizing on this and opening doors for further growth in the sector.
On the one hand, Bitcoin’s rally highlights the potential for high returns in cryptocurrency investments, however on the other hand, the volatility associated with such market reactions emphasizes the importance of cautious investment. As African investors navigate these developments, many see this as an opportunity to increase participation in the crypto space, while also watching for possible regulatory shifts that may impact the global crypto landscape. To further unpack we talk Christo de Wit, Luno Country Manager

Following Donald Trump’s USA’s presidential win, the cryptocurrency market has surged with Bitcoin breaking past its previous all-time high to trade above $75,000, this unexpected rally is largely attributed to Trump’s pro-crypto stance, which investors believe could lead to a more favourable regulatory environment in the U.S. for digital assets. With the total crypto market cap jumping 14% overnight and trading volumes doubling, global investors are capitalizing on this and opening doors for further growth in the sector. On the one hand, Bitcoin’s rally highlights the potential for high returns in cryptocurrency investments, however on the other hand, the volatility associated with such market reactions emphasizes the importance of cautious investment. As African investors navigate these developments, many see this as an opportunity to increase participation in the crypto space, while also watching for possible regulatory shifts that may impact the global crypto landscape. To further unpack we talk Christo de Wit, Luno Country Manager

Serious and topical issues on continent, breaking stories.

Serious and topical issues on continent, breaking stories.

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