• 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

Surge in Social Media Sentiment for Bitcoin Price Predictions

chest

Recent data indicates a significant increase in social media discussions predicting Bitcoin prices, particularly a bullish sentiment towards $90,000.

user avatarZainab Kamara

Bitcoin Social Volume Indicates Shift Towards Bullish Sentiment

chest

The social media sentiment around Bitcoin has recently flipped, with bullish calls for $90,000 overtaking bearish predictions.

user avatarJacob Williams

Cardano Sees Major Adoption Milestones in Q1 2026

chest

In Q1 2026, Cardano achieved significant adoption milestones with the launch of USDCx and interoperability advancements through LayerZero's integration.

user avatarSon Min-ho

Cardano Enhances Infrastructure and Scaling Solutions

chest

Input Output has reported significant infrastructure upgrades and scaling solutions for Cardano, including the stable release of Mithril and advancements in Hydra.

user avatarAyman Ben Youssef

Cardano Achieves Progress on Treasury-Funded Commitments

chest

Input Output has reported significant advancements in Cardano's treasury-funded commitments, with 16 out of 18 progressing successfully during Q4 2025 and Q1 2026.

user avatarTando Nkube

The price of Ethereum experiences a drop and then levels off.

chest

Ethereum price has started a fresh decline, trading below key levels and consolidating above 2,220.

user avatarKofi Adjeman

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.