Bitcoin reached a new milestone, exceeding $75,000, following Donald Trump’s victory in the U.S. presidential election on November 5, 2024. This achievement underscores a fresh wave of optimism and FOMO (Fear of Missing Out) within the cryptocurrency market.
The rally has also positively impacted various altcoins, which saw remarkable gains, with many rising over 10%. This broad rally indicates increased investor confidence and renewed interest in the crypto space.
On a recent podcast, Altcoin Buzz analysts discussed the implications of Trump’s overt support for cryptocurrency, suggesting it could lead to more positive regulatory approaches and wider adoption. His election win seems to have catalyzed this market enthusiasm.