Bitcoin Reaches Unprecedented Peak
The currency experienced a surge, reaching almost $75,000 on the Binance platform, following the former US president's commitment to adopt a more crypto-friendly stance. Read Full Article at RT.com
TroibNews 
The US presidential election has triggered a significant price increase for Bitcoin, the world’s most popular cryptocurrency. The digital asset surged past its previous all-time high on Tuesday, driven by projections that Republican candidate Donald Trump is likely to return to the White House.
On the Binance trading platform, the BTC/USDT exchange rate revealed that Bitcoin's price jumped approximately 9.26%, surpassing its earlier record of $73,778. At one point during the day, the cryptocurrency reached almost $75,000, later settling between $74,200 and $74,300.
Other cryptocurrencies, particularly Ethereum, have also experienced a notable rise in value alongside Bitcoin.
This price surge coincides with preliminary voting results indicating that former President Trump is poised to secure another term, outperforming his Democratic opponent, Vice President Kamala Harris.
During his campaign, Trump made commitments to safeguard crypto investors and even utilized Bitcoin to treat supporters to cheeseburgers and beer at a New York City bar. He is recognized as the first sitting or former US president to make a payment using the cryptocurrency.
Trump has stated that Bitcoin supporters were previously treated “very badly” by the US Securities and Exchange Commission and has pledged to handle cryptocurrency investors “very fairly” if he wins re-election.
His assurances seem to have resonated with the crypto market, as many investors speculate that a second Trump presidency could result in a relaxation of regulations. In contrast, experts suggest that a victory for Kamala Harris might lead to a decline in Bitcoin's value, given the stricter regulations enforced during the Biden administration.
Mathilde Moreau for TROIB News
On the Binance trading platform, the BTC/USDT exchange rate revealed that Bitcoin's price jumped approximately 9.26%, surpassing its earlier record of $73,778. At one point during the day, the cryptocurrency reached almost $75,000, later settling between $74,200 and $74,300.
Other cryptocurrencies, particularly Ethereum, have also experienced a notable rise in value alongside Bitcoin.
This price surge coincides with preliminary voting results indicating that former President Trump is poised to secure another term, outperforming his Democratic opponent, Vice President Kamala Harris.
During his campaign, Trump made commitments to safeguard crypto investors and even utilized Bitcoin to treat supporters to cheeseburgers and beer at a New York City bar. He is recognized as the first sitting or former US president to make a payment using the cryptocurrency.
Trump has stated that Bitcoin supporters were previously treated “very badly” by the US Securities and Exchange Commission and has pledged to handle cryptocurrency investors “very fairly” if he wins re-election.
His assurances seem to have resonated with the crypto market, as many investors speculate that a second Trump presidency could result in a relaxation of regulations. In contrast, experts suggest that a victory for Kamala Harris might lead to a decline in Bitcoin's value, given the stricter regulations enforced during the Biden administration.
Mathilde Moreau for TROIB News
