Bitcoin Reaches 75000 dollars In the US presidential election, Donald Trump has maintained a very strong hold against his rival candidate Kamala Harris. The effect of this change is also being seen on the cryptocurrency market. Bitcoin, the world’s largest cryptocurrency according to market cap, has touched a record level of 75 thousand dollars with a jump of more than 9 percent.
The cryptocurrency market is witnessing a stormy boom (crypto market boost) due to the possible victory of Donald Trump in America. Bitcoin has crossed the $ 75,000 mark for the first time. Bitcoin investors believe that Trump’s policies are more favorable for the cryptocurrency market (election impact on Bitcoin). They believe that if Trump comes to power, the prices of Bitcoin will rise further.
Claim to make America the crypto capital
Donald Trump has talked about making America a crypto capital (Bitcoin surge) many times in his election rallies. With the help of this, he tried to attract cryptocurrency investors, especially the youth. Along with Trump, his staunch supporter and Tesla owner Elon Musk also likes cryptocurrency a lot. The number of people investing in cryptocurrency in America is about 16 percent of the total population, which obviously has the power to make a big impact on the election results.
Elon Musk, one of the world’s richest businessmen, has significant holdings of Bitcoin, Ethereum, Dogecoin and Shibainu. According to media reports, Musk has invested $140 million in the world’s largest cryptocurrency. All this investment has been made through his electric car maker Tesla. Musk has also personally invested in Ethereum and Dogecoin. However, information about its value could not be found.
How much has the price of bitcoin increased
Bitcoin prices have risen by more than 9 percent today. At one point it had crossed $75,000 (Bitcoin Reaches 75,000 dollars). Then there was a slight correction in it. By around 10 am, Bitcoin was trading at $74,263.27 with a jump of 7.03 percent. Talking about the last one month, the price of Bitcoin has increased by 20.28 percent. At the same time, its prices have increased by a whopping 112 percent in 1 year.
What is Bitcoin?
Bitcoin is the world’s most popular cryptocurrency. It is also called virtual currency or digital currency. It is a completely virtual currency. This means that it does not have any physical coin or note. It is an online version of currency. It can be used for products or services. But, currently very few platforms accept it. Some countries have completely banned cryptocurrency.
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