Islamabad, Nov 6: Bitcoin Hits New All Time High, Surges Past $75,000 Amid US Election Odds
BTC reached an all-time high of $75,000 exactly. It had initially achieved its earlier peak of $73,797.68 on March 14 and has mostly fluctuated between $56,000 and $70,000 throughout the year.
The leading cryptocurrency had gained 9.32 percent and was trading at approximately $74,717.
The cryptocurrency market began to gain significant attention following the US election outcomes, which indicated Donald Trump taking a strong lead against his opponent Kamala Harris. Overnight, she made substantial progress, now following closely with approximately 56 million votes, compared to Trump’s 60 million.
Traders anticipate that bitcoin’s trading will be unstable until a definite victor is announced. Nonetheless, numerous analysts indicate that the cryptocurrency market could suffer significantly if Trump does not emerge victorious.
The positive outlook for DOGE has also influenced other dog-themed cryptocurrencies, as Shiba Inu (SHIB), Floki (FLOKI), and Bonk (BONK) have increased by 10%.
As reported by the Associated Press, initial indications reveal Trump leading in Kentucky, Florida, West Virginia, and an additional four electoral college votes, significantly ahead of Kamala Harris. Trump presently leads the Electoral College with a count of 198 to 99.
