Many investors expected soaring gains from the cryptocurrency (Bitcoin) market in 2024, but the leading crypto names took a different path. Coin and token prices stagnated from March to November, trending down for most of that period. The presidential election results lit a new fire under that stalled market. Bitcoin (CRYPTO: BTC) soared to record highs on November 6, rising above the $75,000 mark for the first time. Is the largest and oldest cryptocurrency poised for bigger gains after that growth spurt, or should crypto investors stay away from these soaring digital coins? Let’s take a look. Expected catalysts for Bitcoin gains The election results are fresh on every investor’s mind. President-elect Donald Trump made a campaign promise to support Bitcoin and set up a national stockpile of the cryptocurrency. That’s a distinctly different tone than the reluctant reviews of digital assets under the Biden administration. On several occasions, Trump also said that Bitcoin production should be centralized on American soil. Active government policies in support of that idea would be helpful for crypto miners with substantial domestic operations, including industry leaders MARA Holdings (NASDAQ: MARA) and Riot Platforms (NASDAQ: RIOT). The Federal Reserve has stopped raising interest rates to stave off inflation threats, embarking on a stepwise reduction of key rates […]