{"id":40861,"date":"2024-11-06T10:34:49","date_gmt":"2024-11-06T10:34:49","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\/"},"modified":"2024-11-06T10:34:49","modified_gmt":"2024-11-06T10:34:49","slug":"bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\/","title":{"rendered":"Bitcoin breaks $75k as crypto celebrates Donald Trump election win"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/05\/Donald-Trump-Bitcoin-Final-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/05\/Donald-Trump-Bitcoin-Final-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/05\/Donald-Trump-Bitcoin-Final-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/05\/Donald-Trump-Bitcoin-Final-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Bitcoin spiked to above $75,400, a new all-time high.<\/li>\n<li>This came as Donald Trump clinched the US presidency, beating Kamala Harris.<\/li>\n<\/ul>\n<p>Bitcoin rose to new all-time high above $75,000 as world leaders began to congratulate Donald Trump as the winner and president-elect in the 2024 US election.<\/p>\n<p>As Trump took a decisive lead with key wins in Pennsylvania, Georgia and North Carolina, pushing his Electoral College votes past the 270 mark, <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin price<\/a> rocketed past $75k to hit a new all-time high above$75,400.<\/p>\n<figure id=\"attachment_245201\" aria-describedby=\"caption-attachment-245201\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-245201\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/11\/BTCUSD_2024-11-06_12-48-57.png\" alt=\"\" width=\"1057\" height=\"545\"\/><figcaption id=\"caption-attachment-245201\" class=\"wp-caption-text\">BTC chart. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">TradingView<\/a><\/figcaption><\/figure>\n<p>The flagship cryptocurrency has since retraced below $74k, but its sharp surge had over half a billion dollars liquidated. Per <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"noopener\">Coinglass<\/a>, 124,734 traders saw their positions liquidated in the past 24 hours, with total liquidations at more than $557 million.<\/p>\n<p>BTC liquidations stood at over $273 million, with more than 70% of that \u2013 $211 million \u2013 in shorts. Crypto is overall extremely bullish on a Trump presidency and analysts say dips in coming months will offer buy opportunities.<\/p>\n<p>Trump\u2019s pro-crypto stance<\/p>\n<p>As the election cycle slowly comes to an end, key to the crypto industry is that the most \u201cpro-crypto\u201d candidate has won. World leaders, including Israeli Prime Minister Benjamin Netanyahu, India\u2019s <a href=\"https:\/\/twitter.com\/narendramodi\/status\/1854075308472926675\" target=\"_blank\" rel=\"noopener\">Narendra Modi<\/a> and El Salvador President <a href=\"https:\/\/x.com\/nayibbukele\/status\/1854049854818853021\" target=\"_blank\" rel=\"noopener\">Nayib Bukele<\/a>, have all congratulated Trump on his victory.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Dear Donald and Melania Trump,<\/p>\n<p>Congratulations on history\u2019s greatest comeback!<\/p>\n<p>Your historic return to the White House offers a new beginning for America and a powerful recommitment to the great alliance between Israel and America.<\/p>\n<p>This is a huge victory!<\/p>\n<p>In true friendship,\u2026 <a href=\"https:\/\/t.co\/B54NSo2BMA\">pic.twitter.com\/B54NSo2BMA<\/a><\/p>\n<p>\u2014 Benjamin Netanyahu \u2013 \u05d1\u05e0\u05d9\u05de\u05d9\u05df \u05e0\u05ea\u05e0\u05d9\u05d4\u05d5 (@netanyahu) <a href=\"https:\/\/twitter.com\/netanyahu\/status\/1854070348926328965?ref_src=twsrc%5Etfw\">November 6, 2024<\/a><\/p>\n<\/blockquote>\n<p>The US president-elect has also given a victory speech.<\/p>\n<p>But while the market celebrates, what remains to be seen is whether he keeps the pledges he made during the campaign. These include two pledges for \u201cday one\u201d in office: fire US Securities and Exchange Commission Chair Gary Gensler and commute the sentence of Ross Ulbright.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Last night, Donald Trump pledged to commute my sentence on day 1, if reelected. Thank you. Thank you. Thank you.<\/p>\n<p>After 11 years in prison, it is hard to express how I feel at this moment. It is thanks to your undying support that I may get a second chance.<\/p>\n<p>\u2014 Ross Ulbricht (@RealRossU) <a href=\"https:\/\/twitter.com\/RealRossU\/status\/1794865086135521737?ref_src=twsrc%5Etfw\">May 26, 2024<\/a><\/p>\n<\/blockquote>\n<p>He also said he\u2019d make the US the world\u2019s BTC mining hub, support a strategic Bitcoin reserve effort and never allow the creation of a central bank digital currency (CBDC).<\/p>\n<p>Despite these pledges, industry experts say a Trump White House will be more supportive of crypto in general. The number of pro-crypto Senate and House Representaives has also increased significantly to suggest the road to regulatory clarity has likely opened up.<\/p>\n<p>\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin spiked to above $75,400, a new all-time high. This came as Donald Trump clinched the US presidency, beating Kamala Harris. Bitcoin rose to new all-time high above $75,000 as world leaders began to congratulate Donald Trump as the winner and [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":40862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40861"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=40861"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/40862"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=40861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=40861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=40861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}