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Bitcoin experienced an increase of over 9% in the last 24 hours, consistently surpassing its all-time high (ATH). The primary factor contributing to this surge was the initial results from the U.S. presidential election.
As reported by CoinGecko, BTC reached a peak of $75,358, establishing a new ATH. However, shortly after hitting this milestone, a correction took place, causing BTC to drop by approximately 2%. At 10:30 a.m. (GMT+2), BTC was trading around $74,000.
This achievement of the ATH coincided with the early vote tallying in the U.S. presidential election. Most reports indicate that Donald Trump is leading the race decisively. For instance, Fox News noted that he has already secured 277 electoral votes, exceeding the 270 needed for victory. With this strong lead, Trump proclaimed his victory in a message to the electorate.
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Throughout his 2024 campaign, Donald Trump has made several remarks concerning the cryptocurrency sector. Specifically, he has promised to:
- position the U.S. as a worldwide leader in cryptocurrency;
- integrate Bitcoin into the national strategic reserves;
- oppose the establishment of a digital dollar (CBDC);
- remove SEC Chair Gary Gensler and appoint a candidate more favorable to the crypto industry.
While numerous experts remain doubtful about Trump’s commitments, perceiving them as mere campaign talk, the cryptocurrency market’s reaction to the controversial politician’s promises has significantly influenced Bitcoin’s prices. Many analysts have voiced optimistic predictions, including those from Bernstein, who suggested that Bitcoin could reach $80,000 if Trump is re-elected by the time of his inauguration.
The previous ATH for BTC was established on March 14, 2024, briefly surpassing the $73,000 threshold following the U.S. approval of spot Bitcoin ETFs.
Сообщение Bitcoin Surges Past $75,300 and Sets New ATH появились сначала на CoinsPaid Media.
