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Cryptocurrency News Articles
Bitcoin (BTC) Price Surges Above $75,000 Amidst US Election Results
Nov 07, 2024 at 02:05 pm
The price of Bitcoin rose above $75,000 on November 6 2024, an all-time high for the leading cryptocurrency. The new record comes amid the U.S. election results
Bitcoin price soared past $75,000 on Saturday morning, an all-time high for the leading cryptocurrency.
The new record comes as U.S. election results show former President Donald Trump gaining an early lead in electoral college votes.
Bitcoin price rose more than 7% as Trump's odds of winning improved, according to prediction markets.
The cryptocurrency surged in the lead-up to Election Day and topped $73,000 last week – a 7-month high for the cryptocurrency.
Meanwhile, the global cryptocurrency market capitalization rose by 7.1% in the last 24 hours, according to CoinGecko.
Several other cryptocurrencies saw gains as election results emerged:
Trump has said that crypto is essential to his vision of America in the future.
In July, he pledged to ensure that the U.S. government never sells off its Bitcoin holdings and creates a Bitcoin “strategic reserve,” if he returns to the White House.
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- Post-Election Pump, Bitcoin (BTC) Shows $100,000 Potential, But These Altcoins Could Steal the Spotlight
- Nov 07, 2024 at 06:25 pm
- Many eyes are on a post-election pump for Bitcoin (BTC) that could send it past $100,000. However, analysts are noting that top altcoin Artificial Superintelligence (FET) and crypto casino Rollblock (RBLK) are both better bets for post-election pumps.
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- XYZVerse Leads the Charge in the Memecoin Arena, Combining Sports Fandom with Meme Culture for Explosive Growth Potential in the Upcoming Crypto Bull Run
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