Donald Trump

Bitcoin

DONALD TRUMP

<h4><strong>This jump in price came as early election results showed former president <a href="https://www.altcoinbuzz.io/?s=Donald+Trump" target="_blank" rel="noopener noreferrer nofollow">Donald Trump</a> with a strong lead in the U.S. presidential race. </strong></h4>
<p>For many, BTC’s big leap feels like hitting the jackpot, as it pushed past its last record of $73,800 set in March. Let’s explore more about this huge news for Bitcoin.</p>
<h5><strong>Election Day Drama Spurs Bitcoin Surge</strong></h5>
<p>At the start of the trading day in New York, Bitcoin was already showing strength. It rose over 3%, climbing to $70,577 as excitement and uncertainty around the election stirred up the markets. By the end of the U.S. trading day on November 5th, Bitcoin’s rise continued. Eventually reaching its new all-time high of $75,000.85 in the early hours of November 6th on <a href="https://www.altcoinbuzz.io/?s=Coinbase" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a>.</p>
<p>The market surge kicked into high gear after reports from the Associated Press showed Trump leading with 198 electoral votes, while his opponent, Vice President Kamala Harris, was behind with 99. While either candidate needs 270 votes to win, Trump’s lead added fuel to Bitcoin’s price rally, as traders jumped in with enthusiasm.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING NEWS: Donald Trump is now leading 198-99 in the presidential election. <a href="https://t.co/0Bw8nJmYL9" rel="noopener noreferrer nofollow">pic.twitter.com/0Bw8nJmYL9</a></p>
 <p>— Dom Lucre | Breaker of Narratives (@dom_lucre) <a href="https://twitter.com/dom_lucre/status/1853996729789464717?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 6, 2024</a></p>
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<h5><strong>Why Bitcoin’s Price Is Soaring</strong></h5>
<p>For much of 2024, investors have speculated that a Trump victory could give Bitcoin a boost. Many believe that Trump’s stance might be more open toward cryptocurrencies and possibly lead to friendlier regulations for the industry. This year, both major candidates have shared their views on crypto policy, making it a hot topic in the election. Republican and Democratic candidates alike have addressed <a href="https://www.altcoinbuzz.io/?s=crypto+regulations" target="_blank" rel="noopener noreferrer nofollow">crypto regulations</a>, each proposing different ways to manage digital currencies.</p>
<p>With these early election results, traders and investors seemed to be betting on Bitcoin to ride high, thinking that favorable policies may come with a Trump victory. It’s a classic case of investors “putting their money where their mouth is,” as they quickly bought into Bitcoin, driving up its value.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> hit $75,000 for the first time ever as it became clear Trump won the election. <a href="https://t.co/OM8MA02Yci" rel="noopener noreferrer nofollow">pic.twitter.com/OM8MA02Yci</a></p>
 <p>— Bitcoin Archive (@BTC_Archive) <a href="https://twitter.com/BTC_Archive/status/1854092436282159120?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 6, 2024</a></p>
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<h5><strong>Bitcoin’s Strong Performance in 2024</strong></h5>
<p>This year has seen Bitcoin in the spotlight, with its price climbing and interest from both individuals and institutions growing. Despite some bumps in the road, Bitcoin has remained one of the strongest assets, giving people more reason to invest in crypto. As of now, Bitcoin is trading at $73,700, up 7.1% in the past 24 hours.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">BREAKING: AMERICA ELECTS FIRST EVER PRO-<a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BITCOIN</a> PRESIDENT DONALD TRUMP <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/GE47vDCWIo" rel="noopener noreferrer nofollow">pic.twitter.com/GE47vDCWIo</a></p>
 <p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1854053510905757841?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 6, 2024</a></p>
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<p>As Americans await final election results, <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s price</a> may continue to shift.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/bitcoin-reaches-75k-as-trump-leads-early-election-results/" rel="noopener noreferrer nofollow">Bitcoin Reaches $75K as Trump Leads Early Election Results</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Bitcoin Reaches $75K as Trump Leads Early Election Results

Altcoin Buzz

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