Crypto Markets Surge After Donald Trump Wins U.S. Election
After Donald Trump won the 2024 U.S. election, crypto markets experienced a significant uptick and Bitcoin reached a new all-time high (ATH).
Bitcoin (BTC) reached a new all time high of over $75,000, but retraced back to $72,650. Despite this BTC is still up 6.5% and is currently at $1.45 billion. The trading volume is up to $93.2 billion.
At the time of writing, Bitcoin’s total market cap surged by 9.32% to $2.45 trillion.
Ethereum is also up by 6.3% and is priced at $2,600 with $33 billion in trading volume.
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Bitcoin Set to Outperform Gold as Adoption Grows – Anthony PomplianoGoatseus Maxmus (GOAT) is the biggest winner in the past 24 hours with 37.66% in gains and is trading at $0.6928.
Memecoins such as Dogecoin , Bonk and Popcat also registered significant gains of over 16% with DOGE breaking the $0.2 level, but retraced by 4% in the past hour.
In the past 24 hours $549.08 million were liquidated – $177.04 million in long positions and $372.04 million in shorts.
The santiment is extremely bllish with the summary and moving averages show “strong buy” at 17 and 14, respectively, and the oscillators showing “buy” at 3.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Historically, the cryptocurrency industry has always carried the mission of decentralization, while the centralized regulation by governments has always been an unavoidable pressure in its development. Although each strengthening of regulation may cause the industry to experience some turbulence, the resilience and innovative capability demonstrated by the cryptocurrency industry always allow it to be reborn from the ashes.