Bitcoin Hits New High Amid Trump’s Pro-Crypto Victory
Crypto Markets Surge on Election Night
As investors responded to expectations that Donald Trump would take the US presidential election, crypto markets saw a notable increase Tuesday night. Due to this knowledge, the cost of Bitcoin rapidly increased and hit an all-time high of about $75,000. Bitcoin previously peaked in March at $73,000, but the ongoing election-related anxiety has caused it to trade below that level recently. The sharp increase demonstrates how political events can have a significant impact on crypto valuations, particularly when laws and regulations are changing.
Source: CoinMarketCap
Throughout the summer, Trump along with the Republican Party publicly endorsed crypto, with strong industry support. This funding was…
