In the midst of a general rise for stock market assets, in the US and also in Europe, the best-known cryptocurrency hit the historical record of USD 75,361.09 this morning
Bitcoin surpassed USD 75,000 this morning, after the victory of Donald Trump, who will once again be president of the United States for four years, was announced last night.
In the midst of a general rise for stock market assets, in the US and also in Europe, the best-known cryptocurrency touched the historical record of USD 75,361.09 this morning, according to CoinMarketCap (at 9 in Buenos Aires it was trading in the USD area 74,200).
The previous historical price record had been registered on March 14 of this year: USD 73,750.07, according to the same source. Smaller tokens such as second-place ether and dogecoin also rose.
Bitcoin price today, November 6
Until yesterday, bitcoin was considered by many to be a Trump Trade, because Republican presidential candidate Trump had supported digital assets during the campaign. This occurs in a context in which the Republican, although initially critical, had publicly supported the crypto market.
“If Trump continues to support cryptocurrencies and blockchain technology, as he has suggested in several statements, this could lead to more favorable policies and a supportive regulatory framework for the crypto industry,” IOLinvestonline noted in a report.
Trump’s overwhelming victory generated euphoria in the markets and the cryptocurrency reached a new record. In Argentina, the response was even more notable. The price of Bitcoin has climbed to $71,039,044.45 per BTC, a jump that reflects both the global increase in price and local economic conditions.
The relationship between the value of Bitcoin and political events in the United States has been evident in recent years. This recent all-time high, however, is due to a combination of factors: the return of expansive monetary policies, renewed interest by institutions in digital assets, and investors’ search for options outside the conventional financial system. Furthermore, there is a growing expectation about possible favorable regulations for the cryptocurrency market under the new US administration.
From Buenbit they had advanced in a report: “His election could give a big boost to the industry, as it promises to promote cryptocurrency mining and establish a National Bitcoin Reserve. On the other hand, a Harris victory could bring more regulation, generating uncertainty in the market,” and they added that “Bitcoin is currently very close to its last all-time high, so a possible Trump victory could push the cryptocurrency to new values never seen before.”
Bitso: “His election could give a big boost to the industry, as he promises to encourage cryptocurrency mining and establish a Bitcoin National Reserve”
Not only Bitcoin skyrocketed but so did other cryptos. The second most popular cryptocurrency on the market, ethereum, has shown a movement of 9.84% in the last 24 hours, placing its value at $2,632.84. Regarding Tether US, it is trading at $1, so in the last day it had a movement of 0.08%.
For its part, BNB has a value of $582.52, with a change of 5.52%, while Litecoin does the same with $70.14 after a change of 7.1%. Finally, dogecoin, one of the cryptocurrencies that Elon Musk himself has promoted, has a value of 0.2 dollars after presenting a change of 27.93% in the last 24 hours.
In the United States, the crypto market is becoming increasingly relevant. For example, the organization Stand With Crypto revealed that 53% of the United States population wants to carry out operations with crypto companies that are based in their country; This body promotes legislation that promotes innovation and job creation in the crypto industry.
