U.S. Election 2024: Bitcoin exceeded $71,000 watching Trump win

It surpassed $71,000 for the first time since June, Trump’s top digital currency predicting cycles of this market victory in the 5 November presidential election on . More specifically, Bitcoin rose up to 2.7%. Other cryptocurrency, such as Ether and its popular meme Dogecoin, followed an upward course. Some see Bitcoin as “Trump Trade” (i.e. a “tension” Trump), as Republican candidate Donald Trump has expressed support for digital assets during the November 5 election campaign in the US. However, polls show a bilateral match with Democratic candidate vice president Kamala Harris (Kamala Harris). Trump has vowed to make the US the capital of encryption on the planet. Harris has adopted a more measured approach, promising to support a regulatory framework for the industry. Their positions contradict the repression against this sector, which President Joe Biden practiced. Trump also said he would ask billionaire Elon Musk (Elon Musk) – a major donor of his campaign – to be put in charge of an attempt to cut government spending. The effort is nicknamed Department of Government Efficiency, or DOGE, a reference to the Dogecoin coupon that Musk has adopted. Musk’s relationship with Trump’s campaign helped raise the climate among traders, according to Arisa Toyosaki, co-founder of Cega, a encryption derivative service provider. Market cycle estimates raised their bets on Bitcoin’s height even to $80,000 by the end of November, no matter who wins the election.