Donald Trump has won the 2024 U.S. presidential election, securing his return to the Oval Office. This development has sent shockwaves through the cryptocurrency market, with Bitcoin briefly reaching an all-time high of $76,000 on Wednesday. The surge in Bitcoin’s price is largely attributed to the significant inflows of $622 million into spot Bitcoin ETFs following Trump’s reelection.
The crypto community is reacting positively to the news, with many hailing Trump’s win as a potential catalyst for growth in the top cryptocurrency and other digital assets. This optimism has led to widespread celebrations across social media forums, as investors look forward to seeing how the new administration will impact the industry.
Source: https://qz.com/bitcoin-ether-doge-solana-trump-election-1851691773