Official portrait of President Donald J. Trump, Friday, October 6, 2017. (Official White House photo by Shealah Craighead)
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.
A Federal High Court has revoked the bail earlier granted to former Attorney-General of the…
Forensic specialists have recovered 105 bodies from mass graves in Yelwata, marking a significant development…
The Supreme Council for Sharia in Nigeria (SCSN) has firmly dismissed reported calls by some…
Ahmadu Umaru Fintiri, the Governor of Adamawa State, has officially left the Peoples Democratic Party…
Tragedy struck in Ogun State after a worker attached to the state’s planning authority was…
President Bola Tinubu hosted a select group of senators for an Iftar dinner at the…