2 weeks Ago
Bitcoin surged to a new all-time high on Wednesday, crossing the $75,000 mark after early US presidential election exit polls suggested a slight edge for Republican candidate Donald Trump . The leading cryptocurrency surpassed its previous high of $73,750, reflecting a strong positive response from the market. According to media reports, Trump won eight states, while Harris secured three states and Washington, D.
C. The election remains tight, with the final outcome likely to hinge on seven swing states. As of 8:50 am IST, Bitcoin was trading 8.
4% higher at $75,060. Ether also saw gains, rising 7.2% to $2,576.
Trump’s perceived favorability toward cryptocurrencies compared to Harris may have contributed to the market’s bullish sentiment. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 0.11% Buy BTC 50 :: ETH 50 -0.
87% Buy Web3 Tracker -1.31% Buy Smart Contract Tracker -1.83% Buy NFT & Metaverse Tracker -6.
36% Buy TOP COINS (₹) Solana 15,425 ( 15.49% ) Buy Bitcoin 6,276,301 ( 9.73% ) Buy Ethereum 220,118 ( 8.
57% ) Buy BNB 49,694 ( 6.59% ) Buy Tether 85 ( 0.74% ) Buy Following Trump’s early gains in exit polls, the dollar index—which measures the US dollar against six major peers, including the euro and yen—rose 1.
25% to 104.72. Did you Know? The world of cryptocurrencies is very dynamic.
Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Analysts generally assume that Trump's plans for restricted immigration, tax cuts, and sweeping tariffs, if enacted, would put more upward pressure on inflation and bond yields than Harris' center-left policies.
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351% from 4.279%, nearing the recent four-month high of 4.388%.
Two-year yields climbed to 4.241% from 4.189%.
Meanwhile, other leading cryptocurrencies also experienced notable gains, including BNB (+5%), Solana (+13.5%), XRP (+5%), Dogecoin (+21.6%), Cardano (+6.
6%), Shiba Inu (+10%), Avalanche (+12.3%), and Chainlink (+11.4%).
The volume of all stablecoins is now $100.92 billion, which accounts for 92.46% of the total 24-hour crypto market volume, according to data available on CoinMarketCap.
In the last 24 hours, Bitcoin's market cap, as the world's largest cryptocurrency, surged to $1.445 trillion. According to CoinMarketCap, Bitcoin's dominance is currently 59.
86%. BTC volume in the last 24 hours surged 40.89% to $59.
26 billion. (With inputs from agencies) (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) US Election 2024 Another American Civil War if Trump loses election? What Trump victory would mean for US & the world (You can now subscribe to our ETMarkets WhatsApp channel ).
