The bitcoin price hit an all-time high after Donald Trump won the electoral college in the 2024 US presidential election.
According to CoinGecko, #BTC hit an all-time high of $74,504.62 about an hour ago before retreating 0.3% to $74,424. In the past 24 hours, the price of BTC has risen 9.3% and 17.2% in 30 days.
the total market capitalization of digital assets also rose 7% to about $2.59 trillion, the highest since July.
BTC/USD. source: CoinGecko
Dogecoin (DOGE), a veteran memcoin backed by Tesla CEO Elon Musk, who is running to be "cost-cutting minister" in the Trump administration, is the strongest cryptocurrency in the top 100 with a 28.8% gain in 24 hours.
Uniswap (UNI) is second with 23%, Dogwifhat (WIF) is third with 22%, #Bonk (BONK) is fourth with 21.3% and #Sui (SUI) is fifth with 21.2%. Ethereum (ETH) is behind with a 7.2% gain, while Solana (SOL) is up 17%.
The bullish market sentiment came after Trump emerged as the frontrunner in the 2024 U. S. presidential election.
with 270 electors needed to win the election, Trump received 230 votes compared to Harris' 205. The New York Times projected an 89% chance of Trump winning.
As of this writing, Trump is leading in six of seven key states. 51.5% with 37% of the vote in Michigan, 51% with 67.6% of the vote in Wisconsin, 51.2% with 77.3% of the vote in Pennsylvania, 51% with 91% of the vote in Georgia, 50.7% with 88.9% of the vote in North Carolina, 49.8% with 49.7% where Trump is leading. There was no voting in Nevada.
the range of electoral college projections. Source: New York Times.
Trump tried to attract votes from the crypto industry by promising to make the U. S. a leader in digital asset innovation in 2024, support the domestic #bitcoin mining industry and create a national stockpile of BTC.
Read us at: Compass Investments
