Bitcoin surged to an unprecedented $75,000 on November 5, 2024, as the U.S. election results came in. The increase aligned with Donald Trump’s victories in key swing states, showing a potential correlation between his wins and Bitcoin’s price rise.
Coinbase experienced a significant 15% share price surge in after-hours trading, reflecting market enthusiasm. This mirrors past trends where Bitcoin saw positive movement following presidential elections.
Despite the excitement, market analysts predict substantial volatility as the final election outcomes are confirmed. Investors are advised to brace for potential fluctuations during this period of political uncertainty.
