The crypto market is always primed for action, but important political events kick things up a notch.
With Trump now confirmed as the next US president, certain coins are already seeing big price jumps.
Bitcoin, Solana, and FreeDum Fighters are three standouts – all rallying in the past day.
Bitcoin Smashes All-Time High as Trump Victory Signals New Crypto Era
Bitcoin’s surge past $75,000 came just as the election results began to roll in.
This new all-time high has been widely linked to Trump’s presidential win.
Though Bitcoin’s price has now settled around $73,900, the mood remains strongly bullish – a clear shift from the struggles of last week.
Trump’s campaign promises, including plans for a national BTC reserve and a new SEC chair, seem to have resonated with traders.
And that has pushed trading volumes through the roof.
Dennis Porter, co-founder of the Satoshi Action Fund, was blunt about the impact of Trump’s win.
He said that the “anti-Bitcoin movement” in the US is essentially over.
Let’s be absolutely clear, the anti-Bitcoin movement died last night. The USA will be the most pro-Bitcoin nation in the world. We will have a Bitcoin Strategic Reserve. We will enshrine a national law to defend Bitcoin Rights.
— Dennis Porter (@Dennis_Porter_) November 6, 2024
For crypto traders who have navigated years of regulatory pressure, Trump’s pro-crypto approach feels like a refreshing change.
It suggests that the US might soon become the “crypto capital” of the world, as he promised.
Solana Flips BNB as Trump Win Boosts Spot ETF Hopes
Solana is proving to be another big winner in the post-election rally.
SOL has jumped to $187 and overtaken
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Author: Felix Mollen
