Today, Bitcoin reached a new all-time high as traders around the world kept a close eye on the results of the U.S. presidential election. The race was between Donald Trump, a supporter of digital assets, and Kamala Harris, who had previously taken action against the cryptocurrency industry when she was in charge of government policies.
According to Bloomberg, Bitcoin rose more than 8% and crossed the $75,000 mark at 10:08 PM in New York. This surge broke its previous record set in March when the launch of U.S. spot Bitcoin exchange-traded funds created excitement in the market.
As the election results continued to unfold, the cryptocurrency market reacted strongly. Investors are especially focused on how the new administration will impact the future of digital assets, as the policies of the next president could have a significant effect on the market.
This dramatic rise in Bitcoin’s value highlights the growing influence of digital currencies in global markets and the uncertainty that comes with political changes. Traders are eager to see how the new leadership in the U.S. will shape the future of cryptocurrency, with Bitcoin’s performance reflecting both optimism and concern in the market.
