Global #Bitcoin

The re-election of Donald Trump to the U.S. presidency has sent shockwaves through the global cryptocurrency scene, bringing some of the industry's most prominent figures to the forefront, including Tesla’s Elon Musk and El Salvador's President Nayib Bukele.

The cryptocurrency market, led by Bitcoin (BTC) and Dogecoin (DOGE), saw significant gains in the past 24 hours, with the total market capitalization climbing more than 4% to hover around $2.9 trillion.

Both Bitcoin (BTC) and Ethereum (ETH) have experienced impressive growth over the past 30 days, with Bitcoin seeing a surge of 21.6% and Ethereum rising by 19.2%.

The crypto industry witnessed a monumental victory following the U.S. presidential election on November 5, 2024, as Bitcoin surged past $73,000 amid favorable developments for Donald Trump.

Bitcoin (BTC) has witnessed a significant uptick in demand, fueled by several key factors, including the overwhelming support for pro-crypto candidates in the United States, a recent Fed rate cut, and the growing trend of nation-states exploring Bitcoin as a solution to their economic crises.

With key races settling in favor of pro-crypto candidates, the U.S. is on the cusp of a transformative moment that could reshape the regulatory landscape for the cryptocurrency industry.