Bitcoin Price Reaches New All-Time High of $75,000
Bitcoin hits a new all-time high of $75,000 as Donald Trump's election odds soar to 88%. The pro-crypto stance of Trump is impacting market sentiments.
Bitcoin has achieved a remarkable milestone, soaring to a new all-time high of $75,000 per coin. This surge comes amid increasing confidence in Donald Trump's chances of winning the U.S. Presidential Election.
Election Results Impacting Bitcoin
As of 9:50 PM EDT on Tuesday, Donald Trump has secured 188 electoral votes, while his opponent, Kamala Harris, has only obtained 99 electoral votes. Key states such as Florida and Texas have been called in favor of Trump, with swing states like Virginia and Pennsylvania gradually leaning towards him.
Surging Odds on Polymarket
According to Polymarket, Trump's odds of winning the election have skyrocketed to 88%. This growing sentiment among traders reflects the potential implications for the cryptocurrency market.
Trump's Pro-Crypto Stance
The crypto community views Trump as a pro-crypto candidate, with endorsements from notable figures such as Kraken CEO Jesse Powell and Bitcoin Magazine CEO David Bailey. Trump has made bold promises regarding cryptocurrency, including plans to dismiss SEC Chairman Gary Gensler and establish a strategic Bitcoin stockpile.
As Bitcoin continues to reach new heights, the unfolding political landscape may have significant repercussions for the cryptocurrency market, particularly with Trump's potential influence.
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