As the US presidential election vote counting is underway, BTC has surpassed its all-time high.
At 12:13 pm on the 6th, BTC recorded $74,002, up 8.8% from the previous day, on CoinMarketCap. This exceeds the previous all-time high of $73,000 set in March.
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In domestic virtual asset exchanges, BTC has also re-surpassed 100 million won. At the same time, BTC on Bithumb exceeded 102,099,000 won, up 4.97% from the previous day. BTC is also trading at 102,122,000 won, up 6.19% on another domestic exchange, Upbit.
The US presidential election held on the 5th local time has lifted the BTC price. BTC has always shown an upward trend after the 4 US presidential elections since its inception in 2009. Blockchain analysis firm Cryptoquant analyzed in a recent report that "BTC rose 37% by the end of the year in the 2016 election, 98% in 2020, and 22% in 2012," and "the price can rise further if there are positive catalysts after the election."
In the early vote count, former US Republican candidate Donald Trump is leading in 3 out of the 7 key battleground states that will determine the outcome of this election, further stimulating the sentiment of virtual asset investors. The election of former President Trump, who has promised to make the US a "virtual asset capital," is expected to have a positive impact on the virtual asset market. The blockchain-based betting platform Polymarket has seen Trump's election prediction rate soar to 89%.
The virtual asset investment sentiment indicator is showing a 'greedy' state. On this day, the virtual asset fear and greed index of data company Alternativedt.me remained at 70 points, the same as the previous day, indicating a state of greed. The higher the index approaches 100, the more extreme the optimism.
- Reporter Kim Jeong-woo
- woo@decenter.kr
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