Bitcoin reaches record high of $75,000 as traders bet on Trump victory

[tobiluxy]

Bitcoin has skyrocketed to an unprecedented high of $75,005.08, as market excitement builds around the prospect of a Donald Trump win in the upcoming US presidential race. Traders view the former president as a pro-crypto candidate, anticipating his policies could create a favorable environment for digital currencies and blockchain technologies. The last record of $73,797.98, set in March, has now been surpassed, reflecting renewed investor confidence in the asset class.

This bullish sentiment isn’t limited to Bitcoin. A ripple effect is lifting several altcoins, including tokens like $PNUT, $GRASS, and $DSYNC, as they all ride this wave of optimism. As analyst Russ Mould from AJ Bell notes, The price of bitcoin has closely followed Trump’s position in the polls and on betting markets,underscoring how influential political sentiment can be on cryptocurrency prices.

With both Bitcoin and altcoins experiencing surges, it raises the question: Could a Trump victory pave the way for a new era of cryptocurrency adoption and regulation? Let's discuss

[Crypto_lion]

Bitcoin has skyrocketed to an unprecedented high of $75,005.08, as market excitement builds around the prospect of a Donald Trump win in the upcoming US presidential race. Traders view the former president as a pro-crypto candidate, anticipating his policies could create a favorable environment for digital currencies and blockchain technologies. The last record of $73,797.98, set in March, has now been surpassed, reflecting renewed investor confidence in the asset class.

This bullish sentiment isn’t limited to Bitcoin. A ripple effect is lifting several altcoins, including tokens like $PNUT, $GRASS, and $DSYNC, as they all ride this wave of optimism. As analyst Russ Mould from AJ Bell notes, The price of bitcoin has closely followed Trump’s position in the polls and on betting markets,underscoring how influential political sentiment can be on cryptocurrency prices.

With both Bitcoin and altcoins experiencing surges, it raises the question: Could a Trump victory pave the way for a new era of cryptocurrency adoption and regulation? Let's discuss

Absolutely, the election progress has really impacted the movement of BTC which inturn, is driving the bullishness of some altcoin. Leveraging on BingX for early adoption of $PNUT was an awesome experience for me, however the token is also listed on other notable exchanges.

[CryptoLiu]

Bitcoin has skyrocketed to an unprecedented high of $75,005.08, as market excitement builds around the prospect of a Donald Trump win in the upcoming US presidential race. Traders view the former president as a pro-crypto candidate, anticipating his policies could create a favorable environment for digital currencies and blockchain technologies. The last record of $73,797.98, set in March, has now been surpassed, reflecting renewed investor confidence in the asset class.

This bullish sentiment isn’t limited to Bitcoin. A ripple effect is lifting several altcoins, including tokens like $PNUT, $GRASS, and $DSYNC, as they all ride this wave of optimism. As analyst Russ Mould from AJ Bell notes, The price of bitcoin has closely followed Trump’s position in the polls and on betting markets,underscoring how influential political sentiment can be on cryptocurrency prices.

With both Bitcoin and altcoins experiencing surges, it raises the question: Could a Trump victory pave the way for a new era of cryptocurrency adoption and regulation? Let's discuss

The surge of BTC to $75k was unexpected, and its bullish momentum may have also influenced other altcoins like $PNUT and PAXE, which was listed just minutes ago and is now up by 315%. Will this momentum continue, or could we see a reversal soon?

[gunhell16]

The pumping of bitcoin is obviously only for awhile, and a few hours from now I can see a correction that will happen since the resistance has been broken;
this is now the support, and the resistance now is the ATH that Bitcoin reached some time ago. Time passed.

That's why, as I think, we are now in price discovery, and for sure the other trades will be based most of them on the price action of Bitcoin when it happens, and no one knows that, of course. So the pumping of those like Pnut, grass, and Dsync is only temporary.

[laijsica]

It is truly a remarkable moment that Bitcoin price crossed ATH on today which will remain unforgettable in the history of the world and it is expected that we will continue to touch new records within this year. It must be hunted that the US election could have influenced the price of Bitcoin but if Trump had not been elected president the price of Bitcoin would have trended higher.

I believe that Trump's victory will increase the value of every cryptocurrency and create opportunities for investors to increase their holdings.

[0t3p0t]

I think this event already has created new sets of millionaires from Altcoin investments especially those who invested in the aforementioned alts. Hopefully Bitcoins price will reach $85k very soon or even a hundred thousand dollars.

[Mia Chloe]

The sudden pump in bitcoin price in just a short period of time was quite surprising to me. And that was literally due to the fact that the pump took just a couple of hours and still seems to be holding up to it's ath till now. Like it seemed to have a very small pull back at first and has now resumed the bullish trend. When last I checked coin market cap we were still on $75k.

Based on chart patterns and some trendline technical analysis, some people believe it should retest a pull back soon and this sudden pump would likely die down a little over a relatively short period of time.

[rdluffy]

Very impressive, I'm still amazed how BTC can rise

We are seeing another ATH guys, now at $75,496.15 

Congratulations to all hodlers, but remember to keep holding, looks like 100k is reachable

[Faisal2202]

Bitcoin has skyrocketed to an unprecedented high of $75,005.08, as market excitement builds around the prospect of a Donald Trump win in the upcoming US presidential race. Traders view the former president as a pro-crypto candidate, anticipating his policies could create a favorable environment for digital currencies and blockchain technologies. The last record of $73,797.98, set in March, has now been surpassed, reflecting renewed investor confidence in the asset class.

This bullish sentiment isn’t limited to Bitcoin. A ripple effect is lifting several altcoins, including tokens like $PNUT, $GRASS, and $DSYNC, as they all ride this wave of optimism. As analyst Russ Mould from AJ Bell notes, The price of bitcoin has closely followed Trump’s position in the polls and on betting markets,underscoring how influential political sentiment can be on cryptocurrency prices.

With both Bitcoin and altcoins experiencing surges, it raises the question: Could a Trump victory pave the way for a new era of cryptocurrency adoption and regulation? Let's discuss

First of all BTC did not skyrocket it just went 2 to 3 thousand dollars up from its previous ATH so that's not so unprecedented target in my opinion, and if you think it does then I respect that. Secondly, the grass token is newly listed, and due to its tokenomics it was already bullish, but yeah market plays a big role too. Thirdly, these influential political parties are not directly affecting the price but indirectly.

Because people see the hype they buy and when they think its the down trend of crypto as a whole they sell and the price increases and decreases respectively. The same hype we saw in March due to which BTC made new ATH even before the halving because a lot of people nowadays are following news and they don't care about what technical signals are telling them, so when most of the speculation of a asset done fundamentally its best to do the same IMO.

[Crypto Library]

I think this is a general market situation actually the USA election is like an influencer on this time and here as we know that Trump multiple time showed that he is an crypto enthusiast people and here now he is wining and this is the reason bitcoin also have the pump.
I think this won't sustain for long and also this won't start the bull run we may going to see quick correction in a short time. As already bitcoin decreasing it's price. So I think being on the FUD we should do any investment on this current time.

[pawel7777]

Gentlemen, we're not stopping at $75k. The ATH keeps going up to new levels as I type.
The volume is through the roof at record levels and the Fear & Greed has only just moved from 'neutral' to 'greed', meaning there's still plenty of room to improve market's enthusiasm.
Do you think the $80k by tomorrow is realistic?

[Paragon2]

Very impressive, I'm still amazed how BTC can rise

We are seeing another ATH guys, now at $75,496.15 

Congratulations to all hodlers, but remember to keep holding, looks like 100k is reachable

Bitcoin price growth and touching all-time highs is truly impressive. What man envisioned today has been fulfilled and will continue to be fulfilled. Most people predict that Bitcoin will reach $80,000 to $100,000 in 2024, but here we see an all-time high above $75,500, reaching $80,000 is not far away. Bitcoin may reach $80,000 today or very soon. But it is better to hold on without worrying too much about the investment at the moment as we are likely to see more attractive prices in the coming days. But I don't have much investment I am going ahead with very little investment but if I had more investment I would have waited more.

[alltalk]

Very impressive, I'm still amazed how BTC can rise
We are seeing another ATH guys, now at $75,496.15 
Congratulations to all hodlers, but remember to keep holding, looks like 100k is reachable

BTC has a big trigger to increase, it makes sense if it skyrockets today. 
Anyway, we have crossed $75,496. Current Bitcoin ATH is around $76,460. Kindly recheck CoinMarketCap.
Well, I think this will keep growing until the end of January. I've no doubt that Bitcoin price may reach $100k in the next few weeks/months. However, we must always monitor the market condition and current updated news. We know sometimes a surprising thing can happen suddenly. Don't be too confident!!

[kai]

Very impressive, I'm still amazed how BTC can rise
We are seeing another ATH guys, now at $75,496.15 

Oh My Ghossst, I woke up this morning and saw that Bitcoin passed the price of 75,100 USD and amazingly this is a new All Time High. I am sure you have a lot of Bitcoin in your wallet because with your many experiences it is proven by the ranking you have is Legendary.

Congratulations to all hodlers, but remember to keep holding, looks like 100k is reachable

What makes you so confident that Bitcoin will reach 100,000 USD? What factors can influence the market to make Bitcoin rise to 100,000 USD?
This is beyond my experience and I am interested in discussing if Bitcoin can reach 100,000 USD. Can you share your knowledge experience with me?

[Insanity]

Gentlemen, we're not stopping at $75k. The ATH keeps going up to new levels as I type.
The volume is through the roof at record levels and the Fear & Greed has only just moved from 'neutral' to 'greed', meaning there's still plenty of room to improve market's enthusiasm.
Do you think the $80k by tomorrow is realistic?

The current price of bitcoin today is $75k. Bitcoin price has increased a lot. I hope bitcoin price will increase and all altcoins including bitcoin will increase in price.  It doesn't seem like it will be long. If the price of Bitcoin continues to grow like this, the price of Bitcoin could be $100k next year.

Once Bitcoin goes to $100k then all coins will pump multiple times which will be great news for those who have invested. Because investors can sell the invested coins at multiple profit. But now we have to be patient and see how the market will go.  reaches. If the market conditions are better it will be a lot of profit for us.