On election evening, Nov. 5, bitcoin surged to an all-time excessive, breaking previous $75,000 as Trump claimed victory. With a Republican sweep throughout Congress, this end result is seen by the crypto neighborhood as probably the most favorable end result for digital belongings. Trump’s vocal assist for crypto, alongside together with his criticism of the SEC’s restrictive stance, has fueled expectations for a regulatory panorama that encourages innovation and progress. The market’s swift response, even earlier than the race was referred to as, underscores crypto’s position as a 24/7 barometer of main occasions.
