Bitcoin (BTC) Price Hits $76K as Crypto Liquidations Soar, Coinbase (COIN) Rockets 30% Higher on Trump Sweep

“It’s troublesome to think about how the election final result may have been higher for the sector, and expectations of great regulatory enhancements are prone to enhance within the coming months and quarters,” David Lawant, head of analysis at crypto prime brokerage FalconX, stated in a Wednesday report. “Such readability may open up area for extra crypto ETF merchandise, masking main crypto belongings and probably a broader crypto index, and supply entrepreneurs and buyers with larger consolation in launching US tokens.” Nevertheless, Lawant in the meantime warned of short-term dangers, together with potential “last-minute enforcement actions by outgoing officers.”