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.
READ MORE:
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.
You may also like
DOGE breaks through $0.2
Spot gold falls below $2,700/ounce
U.S. Crypto Equities Soar as Bitcoin Hits Record High Above $75,000
How Much Will Giant Whales Who Invested Millions of Dollars in Donald Trump's Win Make? Here Are Their Jaw-Dropping Profits!
Trump's failure to mention Bitcoin (BTC) and cryptocurrencies in his victory speech caused a drop in price, while whales who bet on Trump's victory made millions of dollars.
Crypto prices
More
