‘Signs of bubble emerge’ for crypto post-election, Barclays says

Barclays signaled that there may be signs of a “bubble” for the crypto world, as the push from Donald Trump's U.S. presidential election victory starts to fade. Bitcoin ( BTC-USD ) and cryptocurrencies emerged as one of the biggest beneficiaries of the "Trump trade" that gripped markets following the former President's election win. The world's largest crypto continues to flirt with the $100K level amid expectations that the incoming Trump administration will take a notably favorable stance toward the digital token. “However, as often it has been the case in the past, euphoria in the crypto market has spilled over to other sectors of the equity markets that are generally perceived to be darlings of the retail investors community,” Barclays stated in an investor note on Tuesday. Since the November 5 election, bitcoin has popped up from the $67.8K region to Tuesday’s $92.5K area, marking a near 37% advancement. It should be noted that bitcoin did top out at $99.8K on Friday but has since slid roughly 7.5% down to the current $92.5K region. Additionally, for investors looking to further track the price of bitcoin, they can look towards some of Wall Street’s bitcoin backed exchange-traded funds as an option: ( IBIT ), ( ARKB ), ( GBTC ), ( BRRR ), ( BTCO ), ( HODL ), ( BTCW ), ( FBTC ), ( BITB ), and ( EZBC ). More on crypto Bitcoin Endgame Is Here: The First Chart Will Shock You MicroStrategy buys more bitcoin; Wall Street ratchets up its price targets Give To Receive: Tackling The Stablecoin Trilemma Ethereum: The Alternative For Investors Who Find Bitcoin Expensive The Peak Of Bitcoin Dominance In 2024