$BTC Carried by Trump Victory-web3.0-php.cn

Home

web3.0

$BTC Carried by Trump Victory

Barbara Streisand

Nov 07, 2024 pm 03:34 PM

bitcoin BTC ETH UNI

Data from CoinGecko showed that BTC has been up by 5.6% in the last 24 hours amid a 4.5% week-long spike. The surge was backed by a strong 20.3% uptick in the last 30 days.

$BTC Carried by Trump Victory

Bitcoin price rose further on Wednesday, continuing a two-day ascent as Donald Trump secured the 270 electoral votes needed to win the presidency and the media called the 2024 presidential race for the Republican presidential nominee.

BTC price surged over 5% in the last 24 hours, and the token was also up by 4.5% in the past week. The surge was backed by a strong 20.3% uptick in the last 30 days.

Among other major crypto, Uniswap (UNI) was up nearly 22% in the past day, while Ether (ETH) spiked nearly 12%. Several memecoins also outperformed Bitcoin, with PEPE and POPCAT up 15%, SPX6900 up 24%, and NEIRO surging 48%.

Data from CoinGecko showed that BTC price was up by 5.6% in the last 24 hours amid a 4.5% week-long spike. The surge was backed by a strong 20.3% uptick in the last 30 days.

Bitcoin price surged further on Wednesday, and the token was also up by 4.5% in the past week. The last time Bitcoin price surged past $62,000 was in April.

$BTC Carried by Trump Victory

Bitcoin's two-day ascent came as Donald Trump secured the 270 electoral votes needed to win the presidency and the media called the 2024 presidential race for the Republican presidential nominee.

His stunning comeback was achieved after his criminal conviction, an assassination attempt during a rally at swing state Pennsylvania, and a fierce campaign battle against Vice President Kamala Harris.

Trump has repeatedly promised in the lead-up to the elections that he will promote Bitcoin adoption and will also support BTC mining, as well as the broader cryptocurrency industry.

His sons are already involved in crypto through their World Liberty Financial project, signaling that the 47th President of the U.S. may turn out to be much friendlier to the sector than his predecessor.

Other Altcoins Outperform $BTC

As has been the case throughout the history of crypto, Bitcoin's uptrend lifted other digital currencies, also called altcoins (alternative coins).

One of Wednesday's top performers was Uniswap (UNI), the native token of decentralized crypto trading platform Uniswap. The digital coin increased by nearly 22% in the past day following a 17% seven-day rally.

Many other altcoins have been surging since Tuesday, but the biggest story of them all is Ether (ETH), the native cryptocurrency of the Ethereum blockchain, which spiked nearly 12% on Wednesday.

The token defied all concerns about its slow ascent compared to Bitcoin, outperforming the world's largest crypto asset by market value one day after the general elections. Ether is the world's second-largest cryptocurrency and with a market value of over $340 billion, it is the closest to BTC's stellar $1.4 trillion market cap.

Memecoins Also Topple $BTC's 24-Hour Performance

Some memecoins are also outperforming Bitcoin after election day, including PEPE and POPCAT, which are both up by 15%, ambitious dreamer SPX6900 (SPX), which climbed by 24%, and NEIRO, which surged significantly at 48%.

Before altcoins and memecoins mimicked Bitcoin's ascent, analysts already projected that an altcoin season may be inevitable under a Trump presidency, given his promises to Bitcoiners and the broader crypto community.

Pro-Bitcoin Trump Ally Projects a Bright Future

Meanwhile, as the crypto community celebrates what Professional Capital Management CEO Anthony Pompliano said is the birth of "the first Bitcoin President" in the U.S., one of his political allies, Sen. Cynthia Lummis, predicted a shining future for the BTC space.

The GOP senator of Wyoming posted a photo of herself donning the famous laser eyes that Bitcoin holders use to identify themselves as members of the community. "The future is bright," she captioned the post.

The future is ₿right pic.twitter.com/KM956H9Ezq

Lummis is known for calling out the outgoing administration for "criminalizing core tenants of the Bitcoin network and decentralized finance" due to its work in threatening self-custody of BTC and other crypto assets.

The above is the detailed content of $BTC Carried by Trump Victory. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Trend Research Analysis: ETH optimistic forecast is $10,000 in the new cycleMay 14, 2025 pm 10:51 PM

Since the entire research report was released on April 24, 2025, TrendResearch has risen from US$1,800 to around US$2,400, with an increase of about 30% in one month. The prediction before the research report was written was even more than US$1,450. As an asset target of a scale of 100 billion, it is a rare opportunity for large funds to achieve high returns in the short term. The main reasons for firmly bullish at that time include: ETH still has stable financial data, and its status as an important infrastructure for encryption has not changed; the short-term high has been greatly adjusted (the decline of more than 60% in four months); the derivatives market has a huge short position, and the bottom spot has risen to an important support and resistance swap area after increasing volume, which is traditional financial

What is Sign Protocol (SIGN)? Guide to getting started with cross-chain verification networksMay 14, 2025 pm 10:48 PM

Blockchain technology continues to change the way people exchange value, verify information and build trust online. As decentralized applications flourish in various industries, the ability to confirm statements and identities across multiple blockchains has become increasingly important and complex. Traditional trust models that rely on centralized authority are often insufficient to support a decentralized ecosystem, so the demand for blockchain native verification solutions is also growing. SignProtocol (SIGN) addresses this challenge by providing a framework for creating, verifying, and managing proofs across multiple blockchain networks. SignProtocol aims to create a full chain

Bitget announces VOXEL transaction rollback! The user will be compensated for the lossMay 14, 2025 pm 10:45 PM

Cryptocurrency exchange Bitget recently announced that it will roll back transactions during this period due to abnormal trading fluctuations in the VOXEL contract market and propose compensation plans. However, the use of the statement "user manipulates the market" in the official announcement has caused doubts about its improper handling of public relations, fearing that this will lead to further expansion of the crisis. The abnormal trading of BitgetVOXEL tokens has caused internal market making concerns between 8:00 and 8:30 am yesterday Beijing time, an abnormal trading event of VOXEL tokens broke out on the Bitget Exchange. The trading volume during this period even exceeded Bitcoin for a time, causing the market to question the transparency of its internal operations. After the incident occurred due to the violent fluctuation of VOXEL token prices, the community began to question the possibility of Bitget

What is KuCoin Exchange? KuCoin novice account registration teaching and security analysisMay 14, 2025 pm 10:42 PM

What is the KuCoin Exchange? KuCoin Exchange Background KuCoin Exchange Brand Story Is KuCoin Exchange safe? The first step in KuCoin account registration teaching: Register a KuCoin account step in the second step: Complete the third step of identity verification: Start two-step verification and add-on screening: KuCoin's unique GemSPACE summary KuCoin is the top 15 cryptocurrency exchanges in the world. It uses the trading platform of the whole nation as the concept, providing a safe and convenient trading experience. This article will provide you with an in-depth look at the background, security, account opening process and how to leverage KuCoin's unique Ge

What is ALPACA currency? After Binance was removed, the price of the coin soared. What is the future prospect of $ALPACA?May 14, 2025 pm 10:39 PM

Catalog ALPACA Coin Latest News and Price Updates What is AlpacaFinance (ALPACA)? How does AlpacaFinance work? What is ALPACA currency? ALPACA Token Economics ALPACA Price Trend Analysis 2025 ALPACA Price Forecast AlpacaFinance (ALPACA) Future Outlook How to buy ALPACA Coin? Summary AlpacaFinance (ALPACA) is a lending protocol on Binance Smart Chain, with the characteristics of leveraged income agriculture. Since Binance announced that it will be removed from AL on May 2

Arthur Hayes analysis: Now may be the last chance to get on the car for Bitcoins under $100,000May 14, 2025 pm 10:36 PM

Arthur Hayes, the founder of BitMex, who we are familiar with, once again made a statement on the market! This time he said on the X platform: "Seriously, relatives, now may be your last chance to buy Bitcoin below 100,000 yuan." In the Bitcoin rise in the past 30 hours, Arthur Hayes posted: "Just like the Easter Bunny, the price of $BTC will jump five times in a row!" Hayes also revealed that he will release a new article this week, with the theme of "BBCBazooka" and Treasury bond repurchase. ArthurHayes has been predicting a price decline after the price of Bitcoin fell to within 90,000 yuan, but now it has turned bullish. Looking back on his predictions for Bitcoin over the past few months, although specific numbers may

Cardano (ADA) 2025–2028 10x potential analysis: The path to revaluation of smart contract platformsMay 14, 2025 pm 10:33 PM

Cardano (ADA) 10x potential analysis for 2025–2028: The path to revaluation of value of smart contract platforms The current ADA price is about $0.778. If 10x growth is achieved, the potential price in the future will reach $7.78 and the market value is about $270 billion. This prediction is not a fantasy, but is based on Cardano's strong potential driven by multiple factors such as technological innovation, ecological expansion and market demand. 1. Technology Progress: The Combination of Smart Contracts and Zero Knowledge Proof Since Vasil upgraded, Cardano's smart contract platform Plutu

What currency is SWCH? Is it worth investing? Detailed tutorial on purchasing SWCH coinsMay 14, 2025 pm 10:30 PM

Cryptocurrency market projects have emerged with the development of blockchain, with the purpose of changing traditional financial practices, and SwissCheese is one of them. It is understood that SwissCheese is a decentralized platform that allows users to trade tokenized stocks, aiming to enhance market access and reduce transaction costs, paving the way for a more inclusive financial environment. The native token of the platform is SWCH, and its main functions are transactions, governance, etc. The project immediately attracted investors' attention after it went online, but only know what currency is SWCH? Can't we analyze that SWCH is worth investing in? Based on the current data, SWCH has a certain