Investor interest in Bitcoin has surged amid expectations that Donald Trump may win the U.S. presidential election, driving Bitcoin’s price to an all-time high of over $75,000. On Wednesday, the most popular cryptocurrency reached a peak of $75,361, according to a Reuters report.
The report noted that just one day earlier, on November 5, Bitcoin was trading at around $68,000, indicating a significant $7,000 increase within 24 hours.
The recent uptick in Bitcoin’s market reflects growing investor optimism about a possible Trump victory. The anticipated election outcome has been fueling the rally, as Trump has maintained a strong pro-cryptocurrency stance throughout his campaign. He has promised that if re-elected, he will implement crypto-friendly policies and reduce government oversight and intervention in the crypto market.
