Republican

Biden

Bitcoin

Gary

<p>What a shocker! Democratic candidate Kamala Harris has conceded her defeat in the US election, marking the beginning of a new era led by <a href="https://coinpedia.org/news/2024-us-elections-result-donald-trump-officially-elected-president/" target="_blank" rel="noreferrer noopener">Republican leader Donald Trump</a>, who has secured at least 295 electoral votes as against Harris’ 226. This marks his return to power after being elected for the first time in 2016.</p>   
<p>Trump’s first term was marked by an incredible 2,372.05% growth in the Bitcoin market. The cryptocurrency market thrived during his presidency, raising expectations for further growth in his second term. Trump campaigned as a pro-crypto leader, and the crypto community is now eager to see how Bitcoin will perform under his renewed leadership.</p>   
<p>Let's explore, shall we? </p>   
<h2 class="wp-block-heading" id="h-the-numbers-tell-it-all-bitcoin-s-growth-under-trump"><strong>The Numbers Tell It All! Bitcoin’s Growth Under Trump</strong></h2>   
<p>When Trump took office on November 8, 2016, Bitcoin was priced at around $600. By the time he left office on November 3, 2020, the price had soared to $14,033.10. This was a remarkable 2,338% increase during his first term. In comparison, during President Biden’s time in office, Bitcoin grew by 394.45%, which, while impressive, was much slower than the growth seen during Trump’s first term.</p>   
<h2 class="wp-block-heading" id="h-trump-s-crypto-friendly-agenda">Trump's Crypto-Friendly Agenda </h2>   
<p>Trump, during the campaign, pledged that he would <a href="https://coinpedia.org/news/donald-trump-crypto-policies-for-2024-sec-reform-national-bitcoin-strategy-and-more/" target="_blank" rel="noreferrer noopener">introduce pro-crypto policies</a>. Additionally, he vowed to <a href="https://coinpedia.org/news/us-crypto-regulation-at-a-turning-point-trump-to-fire-gensler-says-justin-sun/" target="_blank" rel="noreferrer noopener">remove US SEC Chairman Gary Gensler</a>, who is unpopular among the crypto community for his aggressive anti-crypto stances. Experts anticipate that the crypto market could witness massive growth during the upcoming Trump presidency. </p>   
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<h2 class="wp-block-heading" id="h-crypto-market-surges-post-trump-win">Crypto Market Surges Post Trump Win </h2>   
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<p>Over the last 24 hours, the crypto market saw a 0.3% increase in market capitalization. Nearly all major cryptocurrencies experienced gains, with Bitcoin leading the way, surging 8.93% and hitting a new all-time high. Ethereum, Solana, BNB, XRP, Lido Staked Ether, Cardano, and Avalanche all saw growth in the same period.</p>   
<p>As Trump begins his second term, the crypto market will be watching closely to see if Bitcoin continues its impressive growth. With Trump’s pro-crypto stance, the market could see another period of significant expansion, much like during his first term.</p>   
<p><strong>With a pro-crypto administration back in power, the stage is set for another remarkable chapter in Bitcoin’s journey. We're excited and hope you are too! </strong></p>

Bitcoin Hits New All-Time High Following Trump’s Election Win – What Next?

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