• 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

Samourai Wallet Founders Plead Guilty to Operating Unlicensed Money Transmitting Business

chest

In August 2025, Keonne Rodriguez and William Lonergan Hill, co-founders of Samourai Wallet, pleaded guilty to operating an unlicensed money transmitting business and agreed to forfeit 5755 BTC, valued at approximately 637 million.

user avatarTando Nkube

Proof of Play Launches New Year's Brawl on Abstract Blockchain

chest

Proof of Play has launched its New Year's Brawl event featuring Pirate Nation, where players compete for cash prizes and NFT rewards.

user avatarKofi Adjeman

Miners Shift Focus to AI and High-Performance Computing

chest

Miners are pivoting to high-performance computing and AI due to declining Bitcoin revenues and rising operational costs.

user avatarNguyen Van Long

Avalanche Struggles Amid Token Inflation and Competition

chest

Avalanche (AVAX) faces challenges due to token inflation and competition in the Layer 1 domain.

user avatarSatoshi Nakamura

Blueprint Promotes User Autonomy While Managing Risk in DeFi

chest

Blueprint is redefining user experience in DeFi by allowing participants to choose their own leverage levels, balancing user autonomy with the risks of leverage.

user avatarJesper Sørensen

DeFi Ecosystem Shifts Towards Sustainability

chest

The DeFi ecosystem is evolving from high-risk speculation to a focus on sustainable business practices and measured returns.

user avatarRajesh Kumar

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.