Bitcoin sets a new record amid US midterm election results
Kyiv • UNN
Bitcoin reached a new high of $74,847 after Trump's lead in the vote count. The cryptocurrency markets reacted positively to the prospect of his presidency due to his pro-cryptocurrency stance.
On Wednesday, bitcoin hit a new record high as preliminary voting results showed a significant advantage for Donald Trump in the 2024 presidential election, reinforcing expectations of more favorable regulation. Writes UNN with reference to Investing.
Details
The world's largest cryptocurrency grew by almost 10%, reaching $74,847.2. Other cryptocurrencies also grew: the second largest cryptocurrency, Ether, rose by 9.1% to $2,622.90.
Cryptocurrency prices rose sharply after the vote count showed Trump leading with 198 electoral votes, while Kamala Harris received 109 votes.
Cryptocurrency markets have reacted positively to the prospect of a Trump presidency, given his pro-cryptocurrency stance in the campaign and promises of favorable regulation for the industry.
Recall
According to preliminary estimates, as of 04:00 (Kyiv time), Donald Trump received 177 votes, and Kamala Harris 99.
