Bitcoin Surges Past $77K Amid Election Victory And Rate Cut, Eyeing Six-Figure Valuation

Bitcoin is experiencing a powerful rally, recently reaching $77,000 following a 10% surge in the hours around former President Trump’s election victory and another bump after the Federal Open Market Committee (FOMC) announced a rate cut.

This one-two punch of political and economic news has bolstered optimism for six-figure price targets in Bitcoin’s near future. Equity markets have also rallied, as investors across sectors react positively to developments that could impact portfolios long-term.