{"id":68338,"date":"2024-11-06T10:00:56","date_gmt":"2024-11-06T10:00:56","guid":{"rendered":"https:\/\/coinjournal.net\/?p=245200"},"modified":"2024-11-06T10:00:56","modified_gmt":"2024-11-06T10:00:56","slug":"bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\/","title":{"rendered":"Bitcoin breaks $75k as crypto celebrates Donald Trump election win"},"content":{"rendered":"\n<ul>\n<li>Bitcoin spiked to above $75,400, a new all-time high.<\/li>\n<li>This came as Donald Trump clinched the US presidency, beating Kamala Harris.<\/li>\n<\/ul>\n<p>Bitcoin rose to new all-time high above $75,000 as world leaders began to congratulate Donald Trump as the winner and president-elect in the 2024 US election.<\/p>\n<p>As Trump took a decisive lead with key wins in Pennsylvania, Georgia and North Carolina, pushing his Electoral College votes past the 270 mark, <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin price<\/a> rocketed past $75k to hit a new all-time high above$75,400.<\/p>\n<figure id=\"attachment_245201\" aria-describedby=\"caption-attachment-245201\" class=\"wp-caption alignnone\"><img loading=\"lazy\" data-source=\"CoinJournal\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-245201\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/11\/BTCUSD_2024-11-06_12-48-57.png\" alt=\"\" width=\"1057\" height=\"545\"><figcaption id=\"caption-attachment-245201\" class=\"wp-caption-text\">BTC chart. Source: <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">TradingView<\/a><\/figcaption><\/figure>\n<p>The flagship cryptocurrency has since retraced below $74k, but its sharp surge had over half a billion dollars liquidated. Per <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a>, 124,734 traders saw their positions liquidated in the past 24 hours, with total liquidations at more than $557 million.<\/p>\n<p>BTC liquidations stood at over $273 million, with more than 70% of that &ndash; $211 million &ndash; in shorts. Crypto is overall extremely bullish on a Trump presidency and analysts say dips in coming months will offer buy opportunities.<\/p>\n<p>Trump&#8217;s pro-crypto stance<\/p>\n<p>As the election cycle slowly comes to an end, key to the crypto industry is that the most &ldquo;pro-crypto&rdquo; candidate has won. World leaders, including Israeli Prime Minister Benjamin Netanyahu, India&#8217;s <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/narendramodi\/status\/1854075308472926675\">Narendra Modi<\/a> and El Salvador President <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/x.com\/nayibbukele\/status\/1854049854818853021\">Nayib Bukele<\/a>, have all congratulated Trump on his victory.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Dear Donald and Melania Trump,<\/p>\n<p>Congratulations on history&#8217;s greatest comeback!<\/p>\n<p>Your historic return to the White House offers a new beginning for America and a powerful recommitment to the great alliance between Israel and America.<\/p>\n<p>This is a huge victory!<\/p>\n<p>In true friendship,&hellip; <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/t.co\/B54NSo2BMA\">pic.twitter.com\/B54NSo2BMA<\/a><\/p>\n<p>&mdash; Benjamin Netanyahu &ndash; &#1489;&#1504;&#1497;&#1502;&#1497;&#1503; &#1504;&#1514;&#1504;&#1497;&#1492;&#1493; (@netanyahu) <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/netanyahu\/status\/1854070348926328965?ref_src=twsrc%5Etfw\">November 6, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The US president-elect has also given a victory speech.<\/p>\n<p>But while the market celebrates, what remains to be seen is whether he keeps the pledges he made during the campaign. These include two pledges for &ldquo;day one&rdquo; in office: fire US Securities and Exchange Commission Chair Gary Gensler and commute the sentence of Ross Ulbright.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Last night, Donald Trump pledged to commute my sentence on day 1, if reelected. Thank you. Thank you. Thank you.<\/p>\n<p>After 11 years in prison, it is hard to express how I feel at this moment. It is thanks to your undying support that I may get a second chance.<\/p>\n<p>&mdash; Ross Ulbricht (@RealRossU) <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RealRossU\/status\/1794865086135521737?ref_src=twsrc%5Etfw\">May 26, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He also said he&#8217;d make the US the world&#8217;s BTC mining hub, support a strategic Bitcoin reserve effort and never allow the creation of a central bank digital currency (CBDC).<\/p>\n<p>Despite these pledges, industry experts say a Trump White House will be more supportive of crypto in general. The number of pro-crypto Senate and House Representaives has also increased significantly to suggest the road to regulatory clarity has likely opened up.<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\/\">Bitcoin breaks $75k as crypto celebrates Donald Trump election win<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>Bitcoin spiked to above $75,400, a new all-time high. This came as Donald Trump clinched the US presidency, beating Kamala Harris. Bitcoin rose to new all-time high above $75,000 as world leaders began to congratulate Donald Trump as the winner and president-elect in the 2024 US election. As Trump took a decisive lead with key [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\/\">Bitcoin breaks $75k as crypto celebrates Donald Trump election win<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":68339,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-68338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin breaks $75k as crypto celebrates Donald Trump election win - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin breaks $75k as crypto celebrates Donald Trump election win - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"Bitcoin spiked to above $75,400, a new all-time high. This came as Donald Trump clinched the US presidency, beating Kamala Harris. Bitcoin rose to new all-time high above $75,000 as world leaders began to congratulate Donald Trump as the winner and president-elect in the 2024 US election. As Trump took a decisive lead with key [&#8230;] The post Bitcoin breaks $75k as crypto celebrates Donald Trump election win appeared first on CoinJournal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinalsat.com\/en\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinAlSat.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/coinalsat1\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-06T10:00:56+00:00\" \/>\n<meta name=\"author\" content=\"Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\\\/\"},\"author\":{\"name\":\"Author\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#\\\/schema\\\/person\\\/6fa35040f9ef4ae108188eaeb3ef441b\"},\"headline\":\"Bitcoin breaks $75k as crypto celebrates Donald Trump election win\",\"datePublished\":\"2024-11-06T10:00:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\\\/\"},\"wordCount\":476,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coinalsat.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win.png\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\\\/\",\"url\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\\\/\",\"name\":\"Bitcoin breaks $75k as crypto celebrates Donald Trump election win - 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This came as Donald Trump clinched the US presidency, beating Kamala Harris. Bitcoin rose to new all-time high above $75,000 as world leaders began to congratulate Donald Trump as the winner and president-elect in the 2024 US election. 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