Crypto Market: Bitcoin Hits $75,000, Smashing All-time High As Trump Wins Polls

Bitcoin has reached an all-time high of $75,000, buoyed by rising speculation around a Donald Trump electoral victory.

The cryptocurrency’s rally coincides with a surge in market sentiment linking a potential Trump presidency to a favorable crypto environment, given his previously stated support for establishing a strategic Bitcoin reserve.

As of the latest figures, Bitcoin is trading at around $74,474, while Ethereum and other altcoins are also seeing significant gains.

With Trump reportedly winning key states in the ongoing U.S. presidential election, bets on crypto platforms like Polymarket indicate a 90% confidence rate in his victory, reflecting the market’s anticipation of a potential shift in U.S. digital asset policies.

Bitcoin’s price surge underscores the strong influence of political factors on the cryptocurrency market, with investors closely monitoring the final election outcome.

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Tayo Adelaja

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