Early Wednesday, Bitcoin experienced a remarkable surge in price, reaching a new all-time high of $75,080. This surge was primarily driven by the official announcement of Donald Trump's victory in the 2024 U.S. presidential election.
At the time of reporting, Bitcoin was trading at $74,512. Despite some state results still awaiting finalization, preliminary polls suggested a decisive win for Trump, bolstering the cryptocurrency markets.
The correlation between Donald Trump's electoral victory and Bitcoin's price increase displays significant investor response to the political news impacting the financial markets.
