Bitcoin breaks through $76,400 to reach new high! Ethereum stands above 2800, US stocks soared as Trump won the election

Bitcoin reached a new all-time high of $75,242 on (6th) due to the stimulus of Trump's re-election as US president. After a brief fluctuation of a few hours, Bitcoin reached a new all-time high of $76,422 around 5 a.m. this (7th) morning. Prior to the deadline, it has slightly retreated to the $75,000 level, with the 24-hour increase narrowing to 5.63%. Ethereum, on the other hand, has shown a stronger rally than Bitcoin, reaching a high of $2,816 at the time of writing, with a 24-hour increase of 13.78%. Over the past 24 hours, the entire cryptocurrency network has seen $587 million in liquidations (short positions accounting for $397 million), with over 137,000 people being liquidated. However, BlockTempo would also like to remind investors that the open interest in Bitcoin on exchanges has reached a new high of $45.4 billion, which usually indicates the potential for greater volatility or that a short-term high point has been reached. Investors should be cautious. On the US stock market side, all four major indices closed higher last night: - The Dow Jones Industrial Average rose 1,508.05 points or 3.57% to 43,729.93 points. - The S&P 500 index surged 146.28 points or 2.53% to 5,929.04 points. - The Nasdaq index surged 544.29 points or 2.95% to 18,983.46 points. - The Philadelphia Semiconductor Index rose 157.74 points or 3.12% to 5,215.57 points.