Hold on to your hats, crypto enthusiasts! Bitcoin has shattered its previous records, hitting a jaw-dropping $75,000 as votes roll in for the U.S. presidential election, with Donald Trump in the lead. It’s like a rollercoaster ride in the crypto world today!
In the wee hours of Wednesday morning, Bitcoin decided it was time to steal the spotlight, climbing a whopping 9% as election fever gripped the nation. While some platforms showed Bitcoin at a slightly lower peak of $74,500, it’s clear that the cryptocurrency has reached a new milestone.
And Bitcoin isn’t the only star of the show. Dogecoin, the meme coin that could, soared 30%, hitting $0.21 for the first time in months. Solana also joined the party with a 14% jump, reaching $184. Not to be left out, Avalanche, Chainlink, Sui, and Near Protocol all saw double-digit gains, leaving the wider market in the dust.
Even Trump’s own memecoin, MAGA, went wild with a 28% increase as his lead in the election grew. However, Ethereum seemed to miss the memo, managing only a modest 6% rise and struggling to break past $2,600.
Not every token was basking in the glow of the Bitcoin boom. Binance Coin, XRP, and Toncoin were left trailing, unable to muster even a 5% increase. But don't worry, the real winner today is the crypto world itself, as noted by Ethereum advocate Anthony Sassano.
The big question is what will happen next. If Trump wins, Bitcoin might just keep climbing, but if Kamala Harris pulls ahead, we could see a sharp decline. Former President Barack Obama reminded everyone that it might take a while for all the votes to be counted, so the suspense continues!
Adding to the drama, the odds of a Trump victory were at an all-time high on the blockchain betting platform Polymarket. So, fasten your seatbelts, because this crypto ride is far from over!
