weather_iconDublin | 16.33 °C | AQI 9
Wednesday, 6 November, 2024

---Advertisement---

Business

Bitcoin Price Skyrockets To Hit All-Time High, Surpasses $75,000 Mark As Trump Leads In US Exit Polls

Top cryptocurrencies saw significant gains, with BNB up 5%, Solana up 13.5%, XRP gaining 5%, Dogecoin up 21.6%, Cardano up 6.6%, Shiba Inu up 10%, Avalanche up 12.3%, and Chainlink rising 11.4%.

Bitcoin Price

Bitcoin price hits a new record high, breaks $75,000 barrier amid US presidential election developments. Notably, exit polls for the 2024 US presidential election indicate a slight advantage for Donald Trump, the Republican candidate. The previous high of this leading cryptocurrency was $73,750.

Bitcoin’s price surged 8.4% to reach $75,060 as of early morning trade IST, while Ether also experienced significant gains, jumping 7.2% to $2,576. It is worth noting that Donald Trump’s relatively positive stance on cryptocurrencies may have boosted market confidence.

---Advertisement---

Meanwhile, other top cryptocurrencies saw significant gains, with BNB up 5%, Solana up 13.5%, XRP gaining 5%, Dogecoin up 21.6%, Cardano up 6.6%, Shiba Inu up 10%, Avalanche up 12.3%, and Chainlink rising 11.4%. As per the latest data by CoinMarketCap, the volume of all stablecoins now reached $100.92 billion mark, which accounts for 92.46% of the total 24-hour crypto market volume

Meanwhile, the US dollar index has also surged 1.25% to 104.72, following Donald Trump’s strong position in early exit polls.

---Advertisement---

Bitcoin Price – What Else?

Bitcoin, the world’s largest cryptocurrency, saw its market capitalization skyrocket to $1.445 trillion over in the last 24 hours. According to CoinMarketCap, Bitcoin’s dominance is currently 59.86%. Analysts at Bernstein predict that Bitcoin’s value could reach between $80,000 and $90,000 within the next two months if Donald Trump wins the US presidential election.

A Kamala Harris win may bring downside risk to Bitcoin’s value. In that scenario, the cryptocurrency could potentially drop to around $50,000, according to analysts at Bernstein. However, Bernstein analysts are extremely optimistic about Bitcoin’s long-term prospects, predicting it to surpass $200,000 mark by the end of 2025.

(Disclaimer: This stock market news is for informational purposes only and should not be construed as investment advice.)

ALSO READ: Swiggy IPO Opens For Subscription: Price Band, And Other Key Details – Should You Subscribe?

HISTORY

Written By

Akshat Mittal


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

US Election Results 2024 Live Updates: Donald Trump Returns To White House; PM Modi Congratulates ‘Friend’ On Historic Election Victory

Nov 05, 2024
US Election Results 2024
  • 14:57 (IST) 6 Nov 2024

    Italy PM Meloni Praises Trump After US Election Win, Highlights "Unshakeable" Ties

  • 14:44 (IST) 6 Nov 2024

    Donald Trump's Granddaughter Kai - 'Congratulations Grandpa, I Love You'

  • 14:41 (IST) 6 Nov 2024

    Varanasi Celebrates As Trump Leads In US Presidential Race

N24 Shorts Logo

SHORTS

Muhurat Trading
Business

Muhurat Trading: How Sensex And Nifty Performed In Last 5 Diwali Special Sessions?

India’s stock exchanges, BSE and NSE, host an annual Muhurat Trading session on the day of Diwali. The term ‘muhurat’ denotes an auspicious moment, and this unique session, spanning about an hour in the evening, marks the commencement of the traditional Hindu accounting year, Samvat.

View All Shorts

---Advertisement---

Trending