Thu. Nov 7th, 2024

Bitcoin renewed its all-time high amid the US presidential election

Bitcoin renews all-time high amid US presidential election

Bitcoin < p>On the night of November 6, against the background of the US presidential election, the value of the bitcoin cryptocurrency increased by 9.26% and reached a new historical high, reaching a mark of more than 75 thousand dollars.

Last time Bitcoin has been growing rapidly in March of this year. In addition, shares of global companies also rose. This is written by Axios.

According to Coindesk, at its peak, bitcoin was worth $74.9 thousand and continued its growth for $75,000. Decrypt, referring to CoinGecko data, calls a slightly lower figure – $74.5 thousand.

Bitcoin rate grew as the US election approached. This was mostly influenced by the fact that Trump supported the crypto business in his election campaign and made cryptocurrency a part of it – in one of the videos he treated voters to burgers that he paid for with cryptocurrency.

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Another important factor that affected the price was there was also the approval of a bitcoin ETF in January. The US Securities and Exchange Commission has authorized the launch of 10 tools that allow you to easily buy stocks that track the price of bitcoin. Since then, more than $20 billion of investments have flowed into this area.

Bitcoin has updated the historical maximum against the background of the presidential elections in the USA

Donald Trump

Ukrainian Eurobonds and GDP warrants also reacted with growth to the news about Donald Trump's victory in the US presidential elections, as indicated by quotes from the Bloomberg terminal.

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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