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Bitcoin surged to an all-time high of just over $76,000, environment a new record most effective hours after surpassing the $75,000 mark on Tuesday evening. Following Donald Trump’s reelection, solid make stronger inner the crypto neighborhood for his return to the White Home continues to gasoline Bitcoin’s upward momentum. Celebrating Trump’s victory, Bitcoin advocate and MicroStrategy (MSTR) founder Michael Saylor posted on X, “We have a #Bitcoin President.”
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The leading cryptocurrency hit a record high of $76,243 at approximately 4:00 PM on Wednesday, representing an spectacular 9% increase inner the last 24 hours. According to crypto tracking internet pages CoinGecko, the pause cryptocurrency has surged 110,968% since 2013. This means a $100 investment in Bitcoin back then would now be price over $1 million.
Bitcoin’s charge is anticipated to rise additional, showing heightened optimism and enthusiasm among traders because of original political trends. The momentum shows no signs of slowing — among seasoned traders and newcomers alike.
Ether and other major cryptocurrencies are also surging
Bitcoin’s new all-time high has buoyed all the cryptocurrency market, sparking notable gains across various digital assets. Ether, the 2d-largest cryptocurrency by market capitalization, was trading at $2,671, marking an increase of over 9% in the last 24 hours. Additionally, popular memecoins saw substantial upticks: Dogecoin jumped more than 11%, whereas Shiba Inu was up over 7% in the same period. Solana also skilled an increase of 12%.
Cryptocurrency shares are on the upward thrust
Meanwhile, companies tied to crypto, such as Coinbase (COIN+31.18%), MicroStrategy (MSTR+13.25%), Marathon Digital (MARA+19.11%), Riot Platforms (RIOT+26.26%), and Tesla (TSLA+14.85%), saw significant gains Wednesday following Trump’s reelection.
