Bitcoin Soars to New High, Breaking Record After Donald Trump's Reelection
Following Donald Trump's reelection, the crypto community has continued to rally behind his return to the White House. Bitcoin has surged to new heights.
Bitcoin hit a new all-time high on Wednesday, just hours after crossing the $75,000 mark on Tuesday evening as the crypto community celebrated Donald Trump’s reelection.
Bitcoin is now trading at around $75,606, up 7.6% in the past 24 hours and showing no signs of slowing as both new and experienced traders are expressing optimism in the recent political developments.
“We have a #Bitcoin President,” MicroStrategy (MSTR) founder and Bitcoin advocate Michael Saylor posted on X.
According to crypto tracking website CoinGecko, the top cryptocurrency has surged 110,968% since 2013. This means a $100 investment in Bitcoin back then would now be worth over $1 million.
Bitcoin’s new all-time high has lifted the entire cryptocurrency market, sparking notable gains across various digital assets. Ether, the second-largest cryptocurrency by market capitalization, was trading at $2,671, up over 9% in the last 24 hours. Additionally, popular memecoins saw substantial upticks: Dogecoin jumped more than 11%, while Shiba Inu was up over 7% in the same period. Solana also experienced an increase of 12%.
Meanwhile, companies tied to crypto, such as Coinbase (COIN), MicroStrategy (MSTR), Marathon Digital (MARA), Riot Platforms (RIOT), and Tesla (TSLA), saw significant gains Wednesday following Trump’s reelection.
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