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.

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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.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.