Bitcoin Surges 7% to Record High of $75,060 Following Trump Election Victory

Nov 6, 2024, 07:07 PM

Bitcoin surged to a new all-time high of $75,060 following the election victory of Donald Trump. The cryptocurrency's market cap jumped $100 billion overnight as investors celebrated the pro-crypto stance of the newly elected president. Bitcoin surged 7% to $75,060, with BlackRock's IBIT seeing $1 billion in trading volume within 20 minutes. Crucible Capital's general partner noted that crypto was a major force in the American political landscape during this election. Traders are now placing bets on Bitcoin reaching $100,000 by the end of the year.