Analysts had said it would be difficult to predict, but in the 2024 US presidential election, the Republican Donald Trump defeated the Democratic candidate Kamala Harris and was elected the 47th President of the United States. This decisive victory marks a historic moment and sets the stage for the return of the crypto-currency supporter Trump to the White House.
Trump's expected victory has led to a surge in cryptocurrency market activity over the past 24 hours. As of the time of writing, the global cryptocurrency market capitalization is $2.57 trillion, an 8% increase during the US election counting period. This increase in trading activity has caused the leading coin Bitcoin (BTC) to reach a new all-time high of $75,401 during early trading hours on Wednesday. However, it has since experienced a slight correction. At the time of reporting, BTC is trading at $73,747.
This is an ongoing news story...
