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American Presidential Election: Trump Drives Bitcoin Beyond 75,000 Dollars

Wed 06 Nov 2024 ▪ 3 min read ▪ by Eddy S.
Learn Regulation Crypto

The crypto world is buzzing as Bitcoin has just reached a new all-time high (ATH) of $75,000! This record significantly exceeds the previous ATH set in March of this year. This spectacular rise of Bitcoin coincides with the latest political news from the United States, where Donald Trump is leading the presidential race and appears poised to win.

Bitcoin Donald Trump

Bitcoin reaches a new ATH at $75,000!

The price of BTC has jumped over 7% in 24 hours, reaching a new historical record of $75,000. This spectacular increase is fueled by anticipations of a victory for Donald Trump, who is currently leading the presidential race in the United States, generating increased investor interest in Bitcoin.

Since its creation in 2009, Bitcoin has often been influenced by major economic and political events. This time, the rapid ascent of the crypto seems to be driven by speculation surrounding the American presidential election and the leading candidate, Donald Trump. Investors see Trump as a candidate favorable to financial markets, which could explain this increase.

Between opportunities and risks!

For investors, this new ATH is both an opportunity and a risk. Those who invested in Bitcoin earlier this year are seeing their portfolios grow significantly. However, experts advise caution, reminding that the crypto market can be unpredictable, and rapid gains may be followed by equally rapid corrections.

Financial analysts are divided on the exact reasons for this increase. Some believe that Trump’s economic policy, focused on deregulation and tax cuts, could further stimulate the adoption of cryptocurrencies. Others think that political uncertainty is driving investors to seek safe havens, and Bitcoin, often considered digital gold, benefits from this.

In summary, Bitcoin’s new historical peak at $75,000 marks an important milestone in the history of cryptocurrencies. As Donald Trump continues to lead the presidential race, it will be interesting to see how future political events influence the crypto market. Is BTC on its way to $100,000?

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Eddy S. avatar
Eddy S.

Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.