The cryptocurrency market experienced a notable influx during Wednesday's trading session as Donald Trump secured the presidency with 270 electoral votes. This resulted in Bitcoin prices soaring by 8.8%, reaching a new peak of $75,397.
The increase in Bitcoin's price also propelled its market capitalization to approximately $1.5 trillion, indicating significant investor confidence in the cryptocurrency following the election.
Historical trends suggest that Bitcoin is unlikely to return to pre-election price levels due to the increased market optimism and the substantial boost in its valuation.
