Crypto Markets Surge After Donald Trump Wins U.S. Election

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Cryptodnes2024/11/06 10:22

By:Cryptodnes

After Donald Trump won the 2024 U.S. election, crypto markets experienced a significant uptick and Bitcoin reached a new all-time high (ATH).

Bitcoin (BTC) reached a new all time high of over $75,000, but retraced back to $72,650. Despite this BTC is still up 6.5% and is currently at $1.45 billion. The trading volume is up to $93.2 billion.

At the time of writing, Bitcoin’s total market cap surged by 9.32% to $2.45 trillion.

Ethereum is also up by 6.3% and is priced at $2,600 with $33 billion in trading volume.

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Goatseus Maxmus (GOAT) is the biggest winner in the past 24 hours with 37.66% in gains and is trading at $0.6928.

Memecoins such as Dogecoin , Bonk and Popcat also registered significant gains of over 16% with DOGE breaking the $0.2 level, but retraced by 4% in the past hour.

In the past 24 hours $549.08 million were liquidated – $177.04 million in long positions and $372.04 million in shorts.

The santiment is extremely bllish with the summary and moving averages show “strong buy” at 17 and 14, respectively, and the oscillators showing “buy” at 3.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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The crypto market has dipped in response to President Trump’s plan to enact steep tariffs on imported goods from Canada, Mexico, and China beginning on Tuesday.Canada and Mexico have ordered retaliatory tariffs in response, while China promised “corresponding countermeasures” and said it would file a lawsuit with the WTO.Memecoins were particularly hard-hit by the downturn, with many top coins seeing double-digit percentage drops. Trump’s memecoin has fallen nearly 30% over the past week.

The Block•2025/02/02 17:11