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Bitcoin soared to a brand new all-time excessive whereas meme cash and PolitiFi tokens surged as pro-crypto Republican Donald Trump received the US presidency for the second time.
BTC soared 9% to as excessive as $75,361.09 previously 24 hours however has since pared beneficial properties to trade at $73,503 as of three:00 a.m. EST. The broader crypto market noticed its market capitalization leap 10% because the meme coin phase soared 25% and PolitiFi tokens surged 12%
Trump claimed victory whereas talking at West Palm Seaside in Florida, and thanked voters for electing him as the subsequent US President. Rival Kamala Harris has but to concede.
Donald Trump Guarantees To Be ”Crypto President,” Fireplace Gary Gensler
Given his pro-crypto stance, many consider {that a} Trump victory will clear the way in which for a greater regulatory setting for the crypto trade within the US, triggering a surge in digital belongings.
Certainly, Trump promised to be ”crypto president” and vowed to fireplace Securities and Trade Fee chair Gary Gensler ”on day one” if he retook the White Home. Gensler is broadly disliked by the crypto trade due to his regulation by enforcement technique in opposition to it.
AP Race Name: Donald Trump wins the swing state of Georgia, returning its 16 electoral votes to Republicans.
Except for when Joe Biden narrowly carried Georgia in 2020, Republicans have received each presidential vote within the state since 1996. https://t.co/vNyURdNHtn pic.twitter.com/T6Cx4XUQaQ
— The Related Press (@AP) November 6, 2024
PNUT, DOGE Lead Meme Coin Positive aspects
The meme coin market’s surge was led by new tokens together with Peanut The Squirrel (PNUT) and Division Of Authorities Effectivity (DOGE) with beneficial properties of 222% and 99%, respectively, as Elon Musk claimed victory for Trump.
Politifi tokens additionally surged, led by Darkish MAGA (DMAGA) among the many prime 10 greatest political meme cash by market capitalization with a 37% surge.
In distinction, cryptos linked to Harris suffered the most important blows. Among the many worst performers are Kumala Herris and Kamala Horris, which noticed their costs drop over 98% and 88% within the final 24 hours.
Trump displaying the dimensions of MAGATRON’s 🍆 https://t.co/EyjObu2GNT
— FreeDum Fighters (@Freedum_Fighter) November 6, 2024
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- Staking Rewards – pepeunchained.com
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