📊 MARKET INSIGHT: Bitcoin reached a new record high of arou | Laraxen on Binance Square

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📊 MARKET INSIGHT: Bitcoin reached a new record high of around $76K after Trump’s election win on Nov. 6. 
Let's break down the historical relationship between #Bitcoin and US presidential terms, and what it could mean for BTC's future 🧵

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BTC

74,633.5

+0.78%

23.8k

0

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Historical post-election periods have consistently sparked Bitcoin rallies: 2016 saw +2747%, 2020 delivered +360%. As we enter another cycle, these patterns deserve attention, though past performance never guarantees future returns.

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Sales started small. I’m waiting for it to increase

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🔥BULLISH: #Ethereum spot ETFs saw the highest inflows since Sept. 27 with $52.3M yesterday.

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With the election of #Trump, the new president of the USA, enthusiasm continues to be experienced with the beautiful purchases that come to the markets. There will be more crypto supporting members in Congress in the House of Representatives and Senate, very good news for this crypto market, Trump won was that we would have a big dump. In the global markets, the DXY side has become stronger. With the rise of the USD Side, the indices also increased. We have Fed statements ahead of us, we will wait. I hope the good news will come one after another.

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5. Political Meme Coins Suffer Despite Trump’s resounding win, it’s been a bruising 24 hours across the board for political meme coins — a sign that this crypto trend is now in its dying embers. CoinMarketCap data shows $TRUMP has shed 23.2% of its value in the past 24 hours, with $MAGA down 38.5% and Super Trump Coin plunging 45.4%. But the biggest wipeout has been reserved for Democrat-focused tokens, including Kumula Herris (down 99.4%) and Kamala Horris (down 92.4%.) Moving away from typo-riddled altcoins signifies that traders are returning to more established cryptocurrencies, hoping to ride this latest bullish surge. In a sign that Elon Musk still holds incredible sway over the meme coin markets, only a token named “Department of Gov Efficiency” has come out on top, surging by 118.7%. That’s a nod to Trump’s suggestion that the billionaire could lead a specially created commission that would perform “a complete financial and performance audit of the entire federal government.”

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