Bitcoin Reaches New All-Time Highs Following Trump's Victory in 2024 Presidential Election: A Look Back at Cryptocurrency Landscape During His Last T
Bitcoin has reached new all-time highs after President-elect Donald Trump's victory in the 2024 US presidential election. Trump's campaign supported the cryptocurrency sector, which differs from the previous administration. Cointelegraph examines the performance of the top 10 cryptocurrencies during Trump's previous term, with Bitcoin rebounding to over $82,000 and introducing new features like hosting digital trinkets. While Tether provides regular attestations, doubts remain about the solidity of its vaults without a formal audit. Polkadot's price has dropped and is no longer a top 10 cryptocurrency, but it has introduced new systems and upgrades to compete with Ethereum and Solana. XRP's price has increased and is being discussed as a candidate for an ETF, while Cardano's price has increased but its core developer and active user count have dropped. Litecoin and Bitcoin Cash have fallen out of the top 10 cryptocurrencies, while Chainlink serves as the backbone of the crypto world and Stellar faces competition in the CBDC arena.
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