Bitcoin holds above $74,700 a day after Trump’s US election win; Altcoins trade mixed
Bitcoin jumped nearly 8%, surpassing $75,000 and setting a new all-time high, breaking its previous record from March. Dogecoin also surged by up to 25%, fueled by its popularity as a favored cryptocurrency of billionaire Elon Musk, an outspoken Trump supporter.
The cryptocurrency market showed mixed trends on Thursday, a day after President-elect Donald Trump’s decisive win on Wednesday.
Major tokens, including Bitcoin, Dogecoin, Shiba Inu, Tron, and Near Protocol, experienced declines of up to 9%. In contrast, Ethereum, BNB, Cardano, Avalanche, Chainlink, and Polkadot recorded gains of up to 8%.
As of 11:59 a.m. IST, Bitcoin (BTC) was trading 0.7% lower at $74,770, while Ethereum surged 8.3% to $2,819. During the early trade, however, BTC had touched its all-time high of $76,460.
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View Details»The global cryptocurrency market cap rose 0.9% over the past 24 hours, reaching approximately $2.52 trillion.
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