US Elections News: Bitcoin and Dogecoin Rally Following 2024 Election Results
Bitcoin and Dogecoin Surge After US Election Results
The recent 2024 US elections news highlighted a major victory for the Republican Party, led by Donald Trump, which has sent waves of optimism through the cryptocurrency market. Bitcoin (BTC) skyrocketed nearly 10% to reach a remarkable $75,000, signaling strong market confidence. Additionally, the meme coin Dogecoin experienced a surge of 17%, trading around $0.1986.
Performance of Major Cryptocurrencies
- Ethereum rose by 7.52% to trade at $2,623.
- Solana saw a spike of 14.61%, fetching $187.
- Binance (BNB) climbed 3.55% to $580.50.
- Ripple (XRP) increased 5.16% in value.
- Cardano and Shiba Inu also saw notable gains, rising by 7.63% and 5.05%, respectively.
Moreover, Trump’s campaign efforts have positively resonated within the crypto community. By participating in a Bitcoin conference and making favorable comments about the crypto industry, he has garnered support from investors. India’s crypto market players have expressed their enthusiasm regarding Bitcoin hitting new highs, with ZebPay's COO Raj Karkara underscoring Bitcoin's maturity and its broader acceptance. He anticipates increased adoption and demand for digital assets moving forward.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.