Following Donald Trump's reelection, the crypto community has continued to rally behind his return to the White House. Bitcoin has surged to new heights.
Bitcoin hit a new all-time high on Wednesday, just hours after crossing the $75,000 mark on Tuesday evening as the crypto community celebrated Donald Trump’s reelection.
Bitcoin is now trading at around $75,606, up 7.6% in the past 24 hours and showing no signs of slowing as both new and experienced traders are expressing optimism in the recent political developments.
“We have a #Bitcoin President,” MicroStrategy (MSTR) founder and Bitcoin advocate Michael Saylor posted on X.
According to crypto tracking website CoinGecko, the top cryptocurrency has surged 110,968% since 2013. This means a $100 investment in Bitcoin back then would now be worth over $1 million.
Bitcoin’s new all-time high has lifted the entire cryptocurrency market, sparking notable gains across various digital assets. Ether, the second-largest cryptocurrency by market capitalization, was trading at $2,671, up over 9% in the last 24 hours. Additionally, popular memecoins saw substantial upticks: Dogecoin jumped more than 11%, while Shiba Inu was up over 7% in the same period. Solana also experienced an increase of 12%.
Meanwhile, companies tied to crypto, such as Coinbase (COIN), MicroStrategy (MSTR), Marathon Digital (MARA), Riot Platforms (RIOT), and Tesla (TSLA), saw significant gains Wednesday following Trump’s reelection.
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