Bitcoin Soars Past $75K as Trump Win Fuels Crypto Optimism

Bitcoin surged past a record high of $75,000 following news of former President Donald Trump's success at the polls on Election Day.

The Republican president-elect sparked investor enthusiasm for cryptocurrencies during his campaign, pledging to make the U.S. the "crypto capital of the planet."

Early morning trading saw the digital asset rise by nearly eight percent, breaking its previous record set in March. Other cryptocurrencies followed the upward trend; Ether, the world's second-largest cryptocurrency, also rallied eight percent, while Dogecoin, famously favored by billionaire Elon Musk, increased 18 percent.

Trump's change in stance on digital currencies during his campaign amplified this growth. Once a crypto skeptic, Trump has since embraced the industry, proposing a "strategic reserve" of Bitcoin similar to what the U.S. does with gold.

His campaign accepted cryptocurrency donations, and he courted crypto enthusiasts at a Bitcoin conference in July. This culminated in Trump and his family launching World Liberty Financial, a venture dedicated to trading in this space with the hopes of amassing $300 million in token sales.

source on Telegram Channel : US. economy

#bitcoin☀️ #BTC☀ #Trump47thPresident #AltcoinsAreBack #NOT🔥🔥🔥