Bitcoin has set a new all-time high during the US presidential election. Investors predict a victory for Republican Donald Trump.
Axios writes about it.
According to Coindesk, Bitcoin cost $74.9 thousand at its peak. Decrypt, citing data from CoinGecko, reports a lower figure of $74,500. The last time Bitcoin’s value set a historical high was on March 14, 2024, when it rose to $73.7 thousand.
The bitcoin rate grew before the US election. This was largely influenced by the fact that Trump supported crypto businesses in his election campaign and made cryptocurrency a part of it — in one of the videos, he treated voters to burgers paid for with cryptocurrency.
According to the New York Times, Trump has an 89% chance of winning the election. The Washington Post predicts that Trump will get 235 to 327 Electoral College votes while Harris will get 211 to 303. To become president, one needs 270 votes.