Bitcoin broke a new record yesterday 6th November 2024, as crypto-friendly Donald Trump won the much anticipated US presidential election.

Bitcoin Surges as Trump Wins US Election

Bitcoin broke a new record yesterday 6th November 2024, as Donald Trump won the much anticipated US presidential election. The surge was largely due to traders seeing Trump as crypto-friendly.

President Donald Trump, who once voiced skepticism about cryptocurrency, repositioned himself as the pro-crypto candidate and crypto corporations such as Coinbase and Ripple were among the largest backers of his presidential campaign.

Bitcoin, the world’s dominating cryptocurrency rose 7% to $75,060 topping the March record, confirming that investors feel assured that Trump’s return to the White House will bring about a softer approach to cryptocurrency regulation in the United States.

Trump came out victorious in 15 states, while Kamala Harris captured 7 states and Washington. Even though it was early to call out the winning candidate, Asian financial markets began to move positively and Bitcoin started to surge.

It is clear that tens of millions of people care about digital currency and see it as part of our collective future. Now the world waits in anticipation to see what moves Trump will make.

News Source: FXTrustScore, November 7th 2024.

error: FX Trust Score Content is Protected