The election activity in the US continues in the money markets. The declines in cryptocurrencies, which have been uncertain for a while, have been replaced by an increase of at least 10 percent overnight. With the announcement of the results of the elections held on the US side and the counting of the votes, the possibility of Donald Trump winning had a positive effect on the Bitcoin price. Here are the details
Bitcoin price saw $ 75 thousand
Crypto has always stood out as one of the most volatile money markets. Especially the rises and deep declines in Bitcoin and altcoins attract the attention of investors. Bitcoin, which last reached its peak price in 2021, then fell to $ 16 thousand. In March 2024, BTC, which reached its new peak price again in March 2024, fell to around $ 50,000, declining until August.
In the Tuesday 5 November elections in the United States, the conflict between Donald Trump and Kamala Harris also caused pricing in the crypto market. While the possibility of cryptocurrency supporter Trump winning created greed in the markets, the possibility of Harris winning created fear and deep declines have occurred in recent days.
A soon-to-be-released HBO documentary claimed to have found the true identity of Satoshi Nakamoto, who has never been found.
However, Trump’s leading the election in the polls opened after the end of the election led to an increase on the Bitcoin side, reaching an all-time high price of exactly $ 75,000. However, Doge Coin, which is also supported by Trump supporter Elon Musk, managed to enter among the top rising cryptocurrencies in a few hours.
Although Bitcoin reached a new peak with an 8 percent rise after the declines, it cannot be said that they have fully recovered the decline for altcoins. Except for a few altcoins, it can be observed that in general, it is still at lower prices than in recent weeks.
Note: This news is not investment advice, it is prepared for informational purposes only.
