On November 11, the price of Bitcoin for the first time exceeded $82 thousand against the background of the victory of the American Republican Party politician Donald Trump in the presidential elections. According to Coindesk data, at the daily high the cryptocurrency was worth $82.39 thousand.
Author:
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At the time of this publication (14:18 Moscow time), Bitcoin was trading at $82.04 thousand, with a price increase of 4.44%.
In the last 24 hours, other cryptocurrencies, although less popular, have also shown growth. For example, Ethereum rose in price by 3.74%, the meme cryptocurrency Dogecoin by 21.28%, and Toncoin by 7.04%.
Prices of Bitcoin and other cryptocurrencies are growing against the backdrop of Trump’s victory in the US presidential election, who promised to make the country “the crypto capital of the planet and the Bitcoin superpower of the world”, as well as create a “strategic national reserve of Bitcoins.”
Bitcoin has been steadily updating its all-time high over the past week, having previously surpassed $81,000. In mid-September, Standard Chartered analyst Jeff Kendrick predicted that the cryptocurrency’s exchange rate could jump to $125,000 by the end of 2024 if Trump wins.
On November 5, elections were held for the American president and members of Congress. It emerged that Trump had gathered the 270 electoral votes needed for victory.
Author:
Bogdan Muzychenko
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
