• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Sets New Record as Price Soars to $75,000 Amidst US Elections

user avatar

by Giorgi Kostiuk

a year ago

Bitcoin has reached a new milestone of $75,000, driven by Trump's lead in the US presidential elections and its impact on the markets.

US Election Sparks Bitcoin's Surge

Bitcoin's rise began on November 5 as the US elections introduced volatility into the market. As polling stations closed, Bitcoin rose over 3% to an intra-day high of $70,577. By early morning on November 6, it surged to $75,000.85 on Coinbase.

The 'Trump Trade' and Its Impact on Crypto

As Trump gained an advantage in the election, markets responded positively to his pro-crypto stance, with Bitcoin rising more than 9%. Trump's promises to replace SEC Chair Gary Gensler and establish a national Bitcoin reserve fueled investor enthusiasm.

Bitcoin’s Volatility: A Continuing Theme

Despite reaching new highs, the cryptocurrency market remains volatile. On November 4, Bitcoin ETFs saw rare outflows of $541.1 million, although BlackRock’s ETF received $38.3 million. Experts warn that the rise may not last without adjustments in investor positioning.

Bitcoin's all-time high has influenced various cryptocurrencies, including Ethereum and Dogecoin, reflecting shifts in market sentiment.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

ZKP Crypto's Daily Auction System Simplifies Token Participation

chest

The daily auction model allows contributors to participate without pressure, ensuring equal access to tokens.

user avatarMiguel Rodriguez

SUBBD Targets Creators with AI-Powered Features

chest

SUBBD is positioning itself as a creator-first asset, blending AI tools with exclusive access and rewards.

user avatarRajesh Kumar

Tezos Demonstrates Remarkable Governance Stability Amid Market Uncertainty

chest

Tezos continues its on-chain governance model without interruption, showcasing operational continuity amid market volatility.

user avatarLuis Flores

Celestia's Groundbreaking Modular Design Maintains Relevance

chest

Celestia's modular blockchain framework continues to be referenced in ecosystem discussions despite controlled price movement.

user avatarArif Mukhtar

Qubic Gains Visibility with Exceptional Computational Focus

chest

Qubic has continued to draw attention due to its compute-oriented architecture and experimental design, with network discussions focusing on its processing framework rather than short-term price behavior.

user avatarMaria Gutierrez

Japan to Cut Crypto Tax Rate from 55% to 20% in 2026

chest

Japan plans to reduce the tax rate on cryptocurrency income from 55% to 20% in 2026.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.