Official records from the US Congress

Bitcoin Surges Over 20% to $87,800 Following Trump's Election Win

Nov 11, 2024, 08:15 PM

Following Donald Trump's election win, cryptocurrencies, particularly Bitcoin, have seen significant gains. Bitcoin has surged over 20% since the election, rising by nearly $20,000 in the past week to reach $87,800, including a $6,500 increase today. Crypto funds providing exposure to Bitcoin and Ethereum experienced sizable inflows last week. Additionally, 50 out of 58 candidates for the US Congress backed by pro-crypto PACs have won their races, indicating strong political support for cryptocurrency. Bitcoin is being described as the biggest winner of the 2024 election, with speculation that it could reach $100,000 soon.