Crypto Markets Surge After Donald Trump Wins U.S. Election

After Donald Trump won the 2024 U.S. election, crypto markets experienced a significant uptick and Bitcoin reached a new all-time high (ATH).

Bitcoin (BTC) reached a new all time high of over $75,000, but retraced back to $72,650. Despite this BTC is still up 6.5% and is currently at $1.45 billion. The trading volume is up to $93.2 billion.

At the time of writing, Bitcoin’s total market cap surged by 9.32% to $2.45 trillion.

Ethereum is also up by 6.3% and is priced at $2,600 with $33 billion in trading volume.

Goatseus Maxmus (GOAT) is the biggest winner in the past 24 hours with 37.66% in  gains and is trading at $0.6928.

Memecoins such as Dogecoin, Bonk and Popcat also registered significant gains of over 16% with DOGE breaking the $0.2 level, but retraced by 4% in the past hour.

In the past 24 hours $549.08 million were liquidated – $177.04 million in long positions and $372.04 million in shorts.

The santiment is extremely bllish with the summary and moving averages show “strong buy” at 17 and 14, respectively, and the oscillators showing “buy” at 3.