Bitcoin (BTC) achieved a new all-time high (ATH) of $75,000 following Donald Trump's victory in the U.S. election, leading to a rally across all top 100 cryptocurrencies. In a pro-crypto wave, 220 candidates supportive of cryptocurrencies were elected, though Warren defeated crypto advocate Deaton.
With Gensler's exit, Ulbritch's release, and expectations for new policies, the crypto landscape is set for significant changes. DeFi tokens experienced the biggest gains from Trump's victory, as Bitcoin and Solana reached cycle highs against Ethereum.
Solana surpassed Binance Coin to become the fourth-largest cryptocurrency, while Dogecoin flipped XRP to secure the seventh position. Venture capital funding saw a 30% rise month-on-month, reaching $860 million in October.
In other news, the Swift, UBS, and Chainlink tokenization pilot was a success, while AI agents promise to provide retail traders with a competitive advantage. Additionally, Arkham announced its support for TON.
