Bitcoin hits all-time-high as Trump wins 2024 presidential election | Mashable.
Bitcoin hits all-time high as Trump wins election
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| Credit: Tayfun Coskun / Anadolu via Getty Images |
UPDATE: Nov. 6, 2024, 5:38 a.m. UTC Donald Trump has been elected the 47th president of the United States, declared by the Associated Press at 05:37 a.m. ET. This article has been updated to reflect this.
It's been a long and winding road, but it finally happened: Bitcoin price has hit a new all-time-high.
The most popular cryptocurrency traded at $75,358 early on Wednesday according to CoinGecko, surpassing the previous all-time-high price of $73,580, which Bitcoin had set in March.
Looking back, it may not sound too long a wait for the crypto faithful, but Bitcoin has been zig-zagging on a downward sloping trajectory ever since that March peak, before finally picking up ahead of the U.S. election. At these prices, Bitcoin's total market cap (the value of all coins on the market) is about $1.5 trillion.
Bitcoin's price pulled back a little after Donald Trump claimed victory in a speech to supporters after winning third battleground state Pennsylvania. The cryptocurrency is currently trading at $73,923.
Trump has now been elected the 47th president of the United States, declared by the Associated Press at 05:37 a.m. ET, winning 277 electoral votes over Democratic opponent Kamala Harris' 224 (at the time of writing). Republicans also look poised to sweep both the Congress and the Senate, removing the largest political uncertainties that typically make the markets jittery. U.S. stocks are also rallying in premarket on Wednesday, with TSLA pumping more than 12 percent ahead of markets opening.
Trump's campaign mentioned cryptocurrencies and, specifically, Bitcoin in the past couple of months, with Trump claiming he would make it easier for crypto mining companies to operate in the U.S., and promising America would be the nation to "lead the way" as crypto goes "to the moon."
SEE ALSO:An AI is getting very rich off crypto. It gets weirder.
Another big winner emerging from these elections is the cryptocurrency DOGE, which started as a joke but found a footing as it got embraced by Elon Musk, who's a major supporter of Trump's presidency — the billionaire and X owner has donated millions toward getting Trump re-elected, campaigned at his rallies, and offered million-dollar swing state payouts to Trump voters. DOGE is currently trading at $0.198, up 17.7 percent compared to yesterday's price.
Topics Bitcoin Cryptocurrency Elections
It wasn't just bitcoin that went up!
ReplyDeleteWonderful morning today in America!
ReplyDeleteGod is good
ReplyDeleteBitcoin hit 75k then dropped hard to 73k. It now all depends on Thursday’s inflation rates announcement.
ReplyDelete75k
ReplyDeleteFantom pumping
ReplyDeleteEverything is in green
DeleteXRP garbage pump over US election news, hilarious. Do people really believe in that trash project?
ReplyDeleteEven the XRP looks tame compared to the rest of the market lol might be good for a trade though, gonna keep an eye on it if it breaks out
DeleteYeah, but it takes a LOT to even pump it up by a penny. XRP inflows and outflows are massive, it just doesn’t move a lot compared to other crypto projects because the tokenomics are trash. If the devs weren’t so selfish and greedy, XRP would be like Eth and SOL in price action. XRP leadership are a bunch of manipulative bastards.
DeleteWhy do you say this about the xrp leadership? And why dont u think it Will pump if they can mass adopt boarderless transactions?
DeleteDon’t pretend SUI and SOL don’t exist to provide that kind of support in the global community. XRP is trash, 99% of people on this sub forum know it.
DeleteIm looking for deep insights, not name calling. Im trying to learn something from you. for example, Ripple has contract with 100 banks that use their network every day(mostly in asia). but its not specifically used with XRP as gas fees.
DeleteThe real question is not which token has the best tech to do so, as any small shitcoin can outperform the cobolt banking transaction system of today. The real question is what blockchain company can adapt in real world application and competition, including regulations.
If banks really are going to start mass adopting blockchain transactions, they are going to do so slowly and when they trust a blockchain solution that has gone through regulation.
I would say XRP is still the number 1 candidate to do so. Especially after the incident with SEC.
As the old bullrun, XRP will likely pump last, hence why In my opinion it is a good strategy to put your gains from other currencies into XRP as the BTC dominance comes back during the end of altseason. XRP has effectively worked as a stable coin by now lool
Good long coin because we know people buy into narratives and pump it.
DeleteOf course Trump is going to win 👍
ReplyDeleteALB pumping so hard right now... If you dont have anything in BASEX now is your chance esp with its low MC - high returns your way!!
ReplyDeleteNever heard of BASEX or ALB.
DeleteBitcoin’s spike reflects market uncertainty—investors are hedging against political risk. Expect volatility.
ReplyDeleteBEAM is slumbering
ReplyDeleteMade up my loss from betting kamala 😔
ReplyDeleteStill worth buying today? Or will it drop?
ReplyDeleteIt will drop.
DeleteAnd then it will go up again .
Then it will drop once more.
Then it will go up again.
Is it the legendary bull run that we were promised all these years?
ReplyDeleteIt DoESnT mEAn oRANgE mAN GoOd
ReplyDeleteTrump's winning.
ReplyDeleteTrump has won.
DeleteNow imagine if he gets elected and makes BTC a strategic reserve asset.
ReplyDeleteDude calm down. I can only get that errected
DeleteFUCK EMINEM
ReplyDeleteFUCK TAYLOR SWIFT
FUCK ARTISTS
FUCK CELEBS
FUCK DIDDY INVOLVED PEOPLE
PATETIC PEOPLE!
Nature is healing
ReplyDeleteI usually don't play in futures but glad I did this time sweet profits 😍
ReplyDeleteIt wasn't just Bitcoin that reached historic levels, the United States did too, America is back again!
ReplyDeleteMAKE
DeleteAMERICA
GREAT
AGAIN
America is healing before it’s even official
ReplyDeleteTrump really is The American Savior after all 🇺🇸
I'm feeling soooo good. I've even pop the cork! 🍾
DeleteJesus is the savior… Trump is the messenger
DeleteDamn. Should bought some.
ReplyDeleteI have missed it every fucking time. I hate Bitcoin almost as much as my own inaction.
DeleteBitcoin’s hitting new highs, Trump’s leading by a landslide.
ReplyDeleteMoney talks 💯
ReplyDeleteThanks to Trump!’
ReplyDeleteLet’s go
ReplyDeleteLet’s go
ReplyDeleteMy DOGE coin is up, too!
ReplyDeleteLet’s gooooooo
ReplyDeleteThe entire market needs to do this.
ReplyDeleteAmerica !!!
ReplyDeleteI get to watch Trump win and make money effing epic!
ReplyDeleteSend everything Higher
ReplyDeleteLetz gooooo
ReplyDeleteGod news
ReplyDeleteThis is what we've been waiting for
ReplyDeleteIt’s a beautiful night
DeleteIt sure is 💪
DeleteCrypto pump incoming!
ReplyDelete74k now brother
ReplyDeleteWow!!
ReplyDeleteLet’s go Don and Dom 🇺🇸
ReplyDeleteCongratulations 👏🏻🎉
ReplyDeleteIt wicked up to $75k
ReplyDeleteYou know it Dom!!
ReplyDeleteSuch a charged statement to say "The economy is already repairing" lmao. Bitcoin going up has nothing to do with the economy repairing. You could of left that out and it would of been fine. 😂
ReplyDeleteTrump's win means a recovery in the global economy.
ReplyDeleteKamala's win means a recovery in wars in the world.
The rest of the market will follow.
ReplyDeleteLFG 🚀
ReplyDeleteDJT for the Win 🔥‼️
ReplyDelete🚀
ReplyDeleteNo it didn't
ReplyDelete75k
ReplyDeleteAlmost $75k
ReplyDeleteLololololololololololol 🤣🤣🤣🤣🤣🤣
ReplyDeleteLFG !
ReplyDeleteIncredible and Trump hasn't even taken office yet. I imagine the powerhouse we'll have coming the next 4 years.
ReplyDeleteWho cares about bitcoin. What about WLFI
ReplyDeleteDamn. Should bought some......!!!!!
ReplyDeleteCrypto pump incoming.....!!!!
ReplyDeleteBitcoin is as bad as electronic voting AND a globalist monetary currency id . Its bad
ReplyDeleteTrump has won Georgia
ReplyDelete🤜🤛
ReplyDeleteWith $DEEN, investing in gold’s rise has never been simpler.
ReplyDeleteThe confidence in the markets is a huge win and is indicative of an economy that will soon be back on course under the Trump/Vance ticket!
ReplyDeleteWho's selling at these prices?!
ReplyDeleteTrump bump
ReplyDeleteThis is the craziest day for Bitcoin.
ReplyDeletean all time high!!
put a live video with the graphics in a side and the election by state in other will be great to compare!
ReplyDeleteBitcoin is the come back kid of all time
ReplyDeleteBitcoin’s rise ahead of the election is a big middle finger to the establishment.
ReplyDeleteWhile Harris wants to control and regulate, Trump stands for financial freedom
Let's go 🔥
ReplyDeleteBitcoin's momentum is impressive! It could be a wild year-end if those projections hold.
ReplyDeleteOf course if Kamala wins it’ll dump hard! She didn’t know what the cloud is,
ReplyDeletedon’t expect her to understand Bitcoin
The Bitcoin rally to $73,885 is more than just numbers; it's a vote for economic freedom and innovation. With Trump's pro-Bitcoin stance, could we see it hit $125K? 🚀 #Bitcoin #Election2024
ReplyDelete#Bitcoin going crazy right now! Over 74k 🔥🔥
ReplyDeleteBitcoin’s on a wild run with the election momentum adding fuel to the fire
ReplyDeleteBitcoin hits all time high Analysts predict a surge to $125,000 if Trump wins, fueled by massive ETF inflows.
ReplyDeleteWow
ReplyDeleteyung filly's l3ak is W!LD💀
ReplyDeleteAma
ReplyDeleteBitcoin be like I'm boosting like Trump 😂
ReplyDeleteTrump ready for ✌🏻😎
ReplyDeleteWow awesome 👍🙏💪
ReplyDeleteDonald Trump takes lead in Pennsylvania, 44% results suggests trump is just ahead from Kamala with 50.1% .
ReplyDeleteBTC At High Altitude
ReplyDeleteGuess I’ll be thinking about this all day 😏😜.
ReplyDeleteJUST IN: #Bitcoin reaches new all-time high of $74,800.
ReplyDeleteI've always used uSMART SG for trading ETFs. They offer a wide range of categories with relatively low commissions, and the trading process is quite simple, similar to trading stocks
ReplyDeletePlease everyone support with vute.
ReplyDeleteHindu brothers and sisters, and all people of all religions
Give Trum a vute.
We want the war to stop.
I am from Bangladesh
His smart move!
ReplyDeleteBitcoin on the raise so ae Trump ♥️♥️🤍
ReplyDeleteTrump & BTC might exceed expectations tonight
ReplyDeleteLet the big heist begin
ReplyDeleteCall it trump
ReplyDeletePure evil. The selling out of American democracy.
ReplyDeleteBULLS ON PARADE
ReplyDeleteHIGHER
ReplyDeleteAMEN
ReplyDeleteThis is gonna be a blast, all the OGs are ganna print
ReplyDelete1. Alec Baldwin
ReplyDelete2. Whoopi Goldberg
3. John Legend
4. Chrissy Teigen
5. Rob Reiner
6. Barbara Streisand
7. Cher
8. Nancy Pelosi
9. Hillary Clinton
10. Megan Rapinoe
11. Tom Hanks
12. Amy Schumer
13. AOC
14. Lady Gaga
15. Taylor Swift
16. Bill Gates
17. Jane Fonda
18. Madonna
19. Mark Ruffalo
20. Kim Kardashian
21. Bruce Springsteen
22. George Clooney
23. Hunter Biden
24. Oprah
25. Robert De Niro
26. Samuel L Jackson
27. Miley Cyrus
28. Travis Kelce
29. Bobbi Althoff
30. Rashida Talib
31. Stormy Daniels
32. Dr. Anthony Fauci
33. George Soros
34. Diddy
35. Eminem
36. Ellen DeGeneres
37. Sean Penn
38. Sharon Stone
39. Ashley Judd
40. Tommy Lee
41. Bryan Cranston
42. Billie Joe Armstrong
FUCK EVERYONE ON THAT LIST!