BCGAME - Free 5BTC Daily Bonus!- Bitcoin hits new high on political influence.
- Altcoins like ETH and Solana are also on the rise.
- Trump promises pro-crypto reforms.
In a stunning move, Bitcoin has set a new milestone by hitting $75.000 per unit. This phenomenon comes at a time when the likelihood of Donald Trump being reelected as President of the United States is perceived to be high. At the time of publication, the price of Bitcoin was quoted at $74.137,92, up 8% in the last 24 hours.
The US political scene has a direct influence on the cryptocurrency market, mainly due to Trump's pro-crypto stance. During his campaign, the candidate promised bold measures, such as the dismissal of Gary Gensler, chairman of the SEC, in addition to proposing the creation of a strategic stockpile of Bitcoin. These policies are seen as potential catalysts for increased adoption and appreciation of Bitcoin.
Meanwhile, other cryptocurrencies are also showing upward trends. Ethereum (ETH) showed robust performance, surpassing the $2.600 mark. Solana saw a 14% increase, trading at approximately $185,45, and Dogecoin saw a growth of over 18%, reaching a value of $0,20.
Notable industry figures such as Kraken CEO Jesse Powell and Bitcoin Magazine CEO David Bailey have expressed their support for the candidate, reinforcing the perception that his victory could strengthen the crypto market. In contrast, little is known about Trump’s opponent Harris’s stance on the cryptocurrency sector.
