Bitcoin reaches unprecedented peak as Trump's predicted victory looms
The currency surged to almost $75,000 on the Binance platform following the former US president's commitment to adopting a more crypto-friendly stance. Read Full Article at RT.com.
TroibNews 
The US presidential election has triggered a significant surge in the price of Bitcoin, the world’s most widely used cryptocurrency, which soared past its previous all-time high on Tuesday. This spike in value coincides with projections that Republican candidate Donald Trump may make a return to the White House.
On the Binance trading platform, the BTC/USDT exchange rate revealed that Bitcoin’s price climbed approximately 9.26%, surpassing its earlier peak of $73,778. At one point during the day, Bitcoin was valued at nearly $75,000 before settling between $74.2 and $74.3 thousand.
Other cryptocurrencies, particularly Ethereum, have also experienced price increases amidst this surge.
This price jump follows initial voting results indicating that former President Donald Trump could potentially secure another term, outpacing his Democratic opponent, Vice President Kamala Harris.
During his campaign, Trump has made commitments to support crypto investors and notably used Bitcoin in September to purchase cheeseburgers and beer for his supporters at a New York City bar, making him the first incumbent or former US president to conduct a transaction with the leading cryptocurrency.
Trump mentioned that Bitcoin enthusiasts had been treated “very badly” previously by the US Securities and Exchange Commission, pledging to address the concerns of cryptocurrency investors “very fairly” if he were to be re-elected.
This commitment seems to have positively influenced the crypto market, as investors speculate that another Trump presidency could result in less stringent regulations that have tightened over the past four years under Democratic President Joe Biden. Meanwhile, experts suggest that a victory for Kamala Harris could result in a decline in Bitcoin's value.
James del Carmen for TROIB News
On the Binance trading platform, the BTC/USDT exchange rate revealed that Bitcoin’s price climbed approximately 9.26%, surpassing its earlier peak of $73,778. At one point during the day, Bitcoin was valued at nearly $75,000 before settling between $74.2 and $74.3 thousand.
Other cryptocurrencies, particularly Ethereum, have also experienced price increases amidst this surge.
This price jump follows initial voting results indicating that former President Donald Trump could potentially secure another term, outpacing his Democratic opponent, Vice President Kamala Harris.
During his campaign, Trump has made commitments to support crypto investors and notably used Bitcoin in September to purchase cheeseburgers and beer for his supporters at a New York City bar, making him the first incumbent or former US president to conduct a transaction with the leading cryptocurrency.
Trump mentioned that Bitcoin enthusiasts had been treated “very badly” previously by the US Securities and Exchange Commission, pledging to address the concerns of cryptocurrency investors “very fairly” if he were to be re-elected.
This commitment seems to have positively influenced the crypto market, as investors speculate that another Trump presidency could result in less stringent regulations that have tightened over the past four years under Democratic President Joe Biden. Meanwhile, experts suggest that a victory for Kamala Harris could result in a decline in Bitcoin's value.
James del Carmen for TROIB News
