2024-11-06 14:39
publication
2024-11-06 14:39
Share
Donald Trump has officially won the election and will become the 47th president of the United States. Never in the history of American politics has a candidate for office promised so much to the cryptocurrency industry. In reaction to his victory, the bitcoin price set a new all-time record. Dogecoin gained even more than the first cryptocurrency.
fot. RONDA CHURCHILL / / Reuters / Forum
Bitcoin‘s price in dollars set a new record high of $75,358 on Wednesday, shortly after early exit polls showed Donald Trump ahead. Thus, the first cryptocurrency broke the valuation record set in March, which was $73,750. After setting a new record, the prices retreated, but still remain near their historic highs.
Already after the official announcement of Donald Trump’s victory by the American media at 2:00 p.m. Polish time, the bitcoin price gains 8.1%. and is at the level of 74,260 thousand. dollars. Ethereum is rising by 8.2% at this time, and its price is $2,637. Solana strengthened by 14.3%. and reached a valuation of $186.
Bitcoin chart – 1 month (Coingecko)
However, the real rocket among the leading cryptocurrencies turned out to be dogecoin (DOGE), which, after early exit polls showing Trump’s victory, gained up to 25%. Memecoin, a cryptocurrency created as a joke, has been “promoted” by Elon Musk many times. At 2:00 p.m., DOGE was trading around $0.20, gaining 18%. within 24 hours.
The billionaire wrote about dogecoin many times on his account on the X platform. He called himself its “CEO” and declared that he would send the cryptocurrency to the moon in the literal sense of the word on board one of the rockets of his company SpaceX. He also joked that dogecoin will become the standard for the global financial system.
Elon Musk, next to Donald Trump, is one of the biggest winners of this election. The world’s richest man, whose support helped the Republican win his campaign, can expect four fat years for his companies. In addition, it is to include the Department of Government Efficiency (DOGE for short), which may also explain the explosion in the memecoin price.
There is also a memecoin called Department of Government Efficiency, whose price has gained 48% in the last 24 hours. Meme tokens called MAGA and MAGA Hat, which refer to Trump’s political movement, lost 31% and 31% respectively after his election. and 44 percent
Dogecoin course – 1 month. (Coingecko)
Donald Trump: I will make the USA the world capital of cryptocurrencies
The capitalization of the entire cryptocurrency market increased by 6.6% over the last 24 hours. and was around USD 2.588 trillion. Investors expect that the new president will fulfill at least some of the promises made to the crypto-asset industry, and a lot of them appeared during the campaign. Already in an interview in March this year, Trump said that he did not plan to interfere with the use of bitcoin or other cryptocurrencies if he won the November election. He later openly supported the industry and gained the support of many people associated with it.
During the campaign, Donald Trump pledged to make the United States the “cryptocurrency capital of the world” and create a strategic state bitcoin reserve, which would include funds seized from criminal activities. He also promised to fire the chairman of the US Securities and Exchange Commission (SEC), Garry Gensler, who is hated by the crypto industry.
According to Politico, the names of people who could take over the commission include Robinhood’s chief lawyer Dan Gallagher, former CFTC chairman Chris Giancarlo, SEC commissioner Hester Pierce, who supports cryptocurrencies, and former SEC general counsel Robert Stebins.
Additionally, Trump pledged not to introduce a central bank digital currency (CBDC) and also promised to protect cryptocurrency miners “in the US and around the world.” At the end of the campaign in September, he also became the first American president to make a transaction using bitcoin, using it to pay for a burger at the PubKey bar in New York.
MM
