Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Bitcoin Price Reaches $75 High on Trump's Victory

Bitcoin Price Reaches $75 High on Trump's Victory

HappyCoinNews2024/11/07 00:11
By: HappyCoinNews
BTC+0.62%SOL+2.63%AVAX+1.30%

On November 6, the Bitcoin rate reached a new all-time high amid Donald Trump's victory in the US presidential election.

The BTC price started to be pumped on Wednesday at 03:00 Moscow time, and in three hours it increased by more than 8% and reached $75 on the stock exchange Bitstamp , which is 1,7% higher than the previous record high of $2024 set in March 73. The coin's price is currently being corrected, but judging by the huge number of coins purchased, the downward trend will quickly fizzle out.

Bitcoin Price Reaches $75 High on Trump's Victory image 0

Bitcoin price pump on November 6

It became known overnight that Trump won in 15 states, while his main rival Kamala Harris won in only eight regions. It is clear that traders bet on Donald's triumph and began buying up cryptocurrency even before the end of the voting.

In the short term, a Democratic victory would be like putting a nail in the coffin [of cryptocurrencies]. Maybe not in the long term, but the market is placing a huge amount of importance on the election, said Matthew Dibb, chief investment officer at cryptocurrency firm Astronaut Capital.

Bitcoin was not the only virtual currency that rose sharply in price during the vote. For example, Solana (SOL) increased in price 16%, Avalanche (AVAX) - 15%, and Ethereum (ETH) — 7%. Meme tokens also benefited from Trump’s likely triumph. Rate Dogecoin (DOGE) soared 31%, and the price Shiba Inu (SHIB) rose 13%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

CandyBomb x ZBT: Trade futures to share 100,000 ZBT!
Bitget Announcement2025/10/17 13:30
Bitget Builder+ Initiative is now recruiting!
Bitget Announcement2025/10/17 11:00

Trending news

More
1
CandyBomb x ZBT: Trade futures to share 100,000 ZBT!
2
Bitget Builder+ Initiative is now recruiting!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$107,245.6
+0.15%
Ethereum
Ethereum
ETH
$3,899.05
+1.13%
Tether USDt
Tether USDt
USDT
$1
+0.01%
BNB
BNB
BNB
$1,103.08
+2.42%
XRP
XRP
XRP
$2.37
+2.45%
Solana
Solana
SOL
$187.29
+2.05%
USDC
USDC
USDC
$0.9999
-0.00%
TRON
TRON
TRX
$0.3140
+1.43%
Dogecoin
Dogecoin
DOGE
$0.1896
+1.97%
Cardano
Cardano
ADA
$0.6373
+1.34%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter