Donald Trump's victory in the 2024 presidential election caused significant fluctuations in the cryptocurrency markets. Bitcoin reached new heights, exceeding $75,000, and Ethereum also saw significant gains. Meanwhile, the non-fungible token (NFT) market surged.
Crypto Market Reaction to Trump's Re-Election
Following Donald Trump's re-election as US President, flagship cryptocurrency Bitcoin set a new record by surpassing $75,000. Ethereum also showed growth, reaching over $2,900. This sharp increase is largely tied to political stability and hopes for economic development. Additionally, there is a notable increase in interest in investments in digital assets.
Surge in NFT Market Sales
According to data collected by CryptoSlam.io, the NFT market experienced significant growth in the past 24 hours, with total trading volume increasing by 20% to $16 million. There is growing interest in tokens created on the Bitcoin, Ethereum, and Solana blockchain platforms, indicating an expansion of investment activity following the sharp rise in cryptocurrencies.
Top NFT Sales in the Past 24 Hours
Some of today's top-selling NFT collections include the $?? BRC-20 on the Bitcoin blockchain, DMarket on Mythos Chain, and Guild of Guardians on Immutable. The most significant sales increase was seen by the $?? BRC-20 collection, with an 80% surge in one day. This was followed by DMarket, which saw a 35% decrease in sales, and Guild of Guardians with a 6.40% increase. The well-known Bored Ape Yacht Club collection, hosted on Ethereum, also showed an impressive 88.56% increase.
Donald Trump's victory in the presidential election significantly impacted the cryptocurrency and NFT markets. This reflects increased confidence in digital assets and their prospects in the new political environment.
