Bitcoin surged to a record high of $75,060 following initial US election results showing Donald Trump leading Kamala Harris. This 8.4% increase reflects strong market confidence, influenced by Trump's favorable stance on cryptocurrencies. Ether also rose by 7.2%. The dollar index strengthened, and US Treasury bond yields increased. Alternative cryptocurrencies like Dogecoin and Solana saw significant gains. Bitcoin's market capitalization reached $1.445 trillion, maintaining a 59.86% market dominance, with trading volume rising by 40.89%.
Bitcoin surged to a record high of $75,060 following initial US election results showing Donald Trump leading Kamala Harris. This 8.4% increase reflects strong market confidence, influenced by Trump's favorable stance on cryptocurrencies. Ether also rose by 7.2%. The dollar index strengthened, and US Treasury bond yields increased. Alternative cryptocurrencies like Dogecoin and Solana saw significant gains. Bitcoin's market capitalization reached $1.445 trillion, maintaining a 59.86% market dominance, with trading volume rising by 40.89%.
•This represents an 8.4% increase, surpassing the previous record of $73,750.
•Ether also increased by 7.2%, reaching $2,576.
•Market confidence is attributed to Trump's favorable stance on cryptocurrencies.
•The dollar index rose by 1.25% to 104.72.
•US Treasury bond yields increased, with the 10year note at 4.351%.
•Alternative cryptocurrencies saw significant gains, including Dogecoin (+21.6%).
•Bitcoin's market cap is now $1.445 trillion, with a 59.86% market dominance.
•24hour trading volume increased by 40.89% to $59.26 billion.