By:- B.T Team

Image Credit:- Google

Shocking News  Bitcoin Price and  the US Election 2024!

Bitcoin crossed $75,000, hitting a record high during the 2024 US election, driven by uncertainty in traditional markets.

Bitcoin Surge:

Bitcoin prices spiked as Trump gained momentum in the polls, with traders seeing him as more favorable for crypto.

Trump’s Influence:Voters:

Kamala Harris vs. Trump:

– Although Harris is strong, Bitcoin traders view Trump’s policies as better for cryptocurrency.

Crypto and Republicans:

Republicans, especially Trump supporters, are increasingly backing Bitcoin, unlike Biden’s administration.

Bitcoin typically rises during political instability, acting as a safe haven for investors.

Election Uncertainty:

Record Trading Volume:

– Bitcoin trading volumes have surged as election tensions rise, reflecting growing demand.

Institutional Support:

Major investors are jumping into Bitcoin, believing Trump’s policies will boost digital currencies.

Global Hedge:

Bitcoin’s rise is not just US-driven—global investors are seeing it as a hedge against inflation.

Blockchain Support:

Trump has openly supported blockchain, boosting his image in the crypto community.

Regulatory Concerns:

Bitcoin’s rise is linked to fears of new regulations depending on who wins the election.

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2024 United States Elections