Trump’s victory has triggered frenzies in cryptocurrency markets. The global crypto market capitalization jumped 8% in the last 24 hours to $2.47 trillion. Bitcoin was among the top earners, reaching an unprecedented all-time high of $75,361 before settling at $74,304.The expected nail-biter competition it would be, with many people literally hanging onto almost the last breadth, ended with Trump leading well at 277 electoral college votes. During the hours preceding the result, forecasts on Polymarket for Trump leaped from 58% to more than 93%.Trump, once skeptical about crypto, shifted his stance during the campaign, promising to make the US a hub for digital assets. He pledged to create a national Bitcoin reserve and accepted crypto donations, fueling enthusiasm among blockchain supporters.The global crypto market continued its upward trajectory following Trump’s win. Bitcoin, buoyed by high trading volume, has sparked interest in price projections. At the time of this report, BTC trades at $74,501, nearing its previous record and potentially setting the stage for further gains in the coming days.
