MAGA Coin

Future

Movement

Bitcoin

Avalanche

<p>The ongoing U.S. presidential election has sent waves through the <strong>cryptocurrency</strong> market, with <strong>Bitcoin</strong> reaching an impressive $75,100 high. Investor interest has surged as former President Donald Trump’s chances appear favorable, reversing Bitcoin’s recent downtrend. Many market analysts attribute this shift to Trump’s vocal support for <strong>crypto</strong> and his vision of the U.S. becoming a global <strong>Bitcoin powerhouse</strong>.</p> 
<p><a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-51679 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/Qubetics-is-728x90-1-3.jpg" alt="Bitcoin Hits Record High: Will the Rally Continue? Key Levels to Watch = The Bit Journal" width="728" height="90" title="Bitcoin Hits Record High: Will the Rally Continue? Key Levels to Watch 49"></a></p> 
<h2 id="bitcoin-s-election-driven-price-movement">Bitcoin’s Election-Driven Price Movement</h2> 
<p>Bitcoin’s price has surged in recent days, largely fueled by the election’s impact on market sentiment. Over the past week, institutional investments in crypto have soared to $2.2 billion. A Republican victory, particularly with Trump at the helm, is seen as a key driver of this influx. On the prediction platform Polymarket, Trump’s winning odds are up to 93.3%, with bets in his favor hitting $1.41 billion.</p> 
<h2 id="maga-coin-and-altcoins-surge-ahead-of-the-u-s-election">MAGA Coin and Altcoins Surge Ahead of the U.S. Election</h2> 
<p>Investor interest in cryptocurrency has been revitalized. Since August, confidence in Bitcoin has climbed, as evidenced by increasing BTC withdrawals from exchanges. This trend suggests long-term accumulation and a bullish outlook among <strong>crypto investors</strong>. Bitcoin isn’t alone in this rally, with <strong>altcoins</strong> also seeing gains: Ethereum (ETH) rose 6.6% to $2,589, Solana (SOL) jumped 15.1%, Dogecoin (DOGE) soared 25%, and XRP climbed 4.9%. Trump’s popularity, combined with meme coin enthusiasm fueled by Elon Musk’s support, has boosted Dogecoin in particular. Avalanche (AVAX) also gained 13.3%, while SUI (SUI) surged 20%.</p> 
<h2 id="key-support-levels-for-bitcoin-and-altcoins">Key Support Levels for Bitcoin and Altcoins</h2> 
<p>Following an 8% surge above $74,000, Bitcoin has established new support levels at $73,773 and $71,367 after bouncing from $68,248. Analysts caution that profit-taking at these levels could stabilize prices but warn of potential pullbacks. Altcoins have followed the trend, further signaling strong market momentum.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-66823" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/about-Bitcoins-record-breaking-rise-amid-the-U.S.-presidential-election.-The-scene-features-a-prominent-Bitc.webp" alt="Bitcoin Hits Record High: Will the Rally Continue? Key Levels to Watch = The Bit Journal" width="1792" height="1024" title="Bitcoin Hits Record High: Will the Rally Continue? Key Levels to Watch 50"></p> 
<h2 id="trump-s-crypto-support-investor-expectations-for-the-future">Trump’s Crypto Support: Investor Expectations for the Future</h2> 
<p>Trump’s advocacy for crypto during his campaign has struck a positive chord with Bitcoin investors. He has pledged not to sell the U.S. government’s BTC holdings and envisions America as a Bitcoin superpower. <a href="https://thebitjournal.com/elon-musk-and-trump-support-dogecoin-could-doge-reach-1/" target="_blank" rel="noopener">Trump’s</a> promise to replace SEC Chairman Gary Gensler, seen as critical of cryptocurrencies, has added to the optimistic sentiment, while his “never sell your Bitcoin” stance has energized long-term holders.</p> 
<h2 id="trump-s-surprising-move-bitcoin-transaction-in-election-campaign">Trump’s Surprising Move: Bitcoin Transaction in Election Campaign</h2> 
<p>With Bitcoin now trading at $74,700, this election-driven rally hints at a new all-time high, sparking optimistic expectations among crypto enthusiasts. The Bit Journal will continue to track the evolving market response and its potential impact on Bitcoin’s future trajectory.</p> 
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Bitcoin Hits Record High: Will the Rally Continue? Key Levels to Watch

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