Donald Trump will be the second president in US history to return to the White House after a term off. After an electrifying election day (from our perspective), we now know that Trump defeated Kamala Harris in a landslide. The cryptocurrency market has gone green, and this is not only evidenced by the new Bitcoin ATH!
292 electoral votes – Republicans, Donald Trump (and the crypto market) triumph
Donald Trump won in all the so-called “Swing States”, i.e. States that hesitated in choosing the next president of the United States. This unanimity resulted in the re-elected president receiving 292 electoral votes. The advantage over Kamala Harris is overwhelming, so it is certain that Donald Trump is the next US president. It is also a great day for the Republican Party, which also triumphs in the Senate (52:43).
The digital asset market reacted to Trump’s return like children reacted to the arrival of Santa Claus. Bitcoin hit a new ATH, however, it wasn’t just the cryptocurrency king surfing the green today. It is no secret that Elon Musk is one of the most ardent fans of Dogecoin. DOGE has increased by as much as 11.4% over the last 24 hours, reaching USD 0.1942. The election fever also caused Solana to grow significantly – by as much as 12.5%!
What does Trump’s win mean for the cryptocurrency industry?
During his election campaign, Donald Trump repeatedly emphasized the fact that he is a fan not only of bitcoin, but of the entire cryptocurrency market. Soon, digital asset enthusiasts will have a chance to find out whether his assurances were just an election promise or whether Trump is serious about adopting cryptocurrencies.
Donald Trump’s return to the White House caused euphoria in the financial markets, especially in the cryptocurrency sector. Already during the election campaign, Trump expressed sympathy for cryptocurrencies and new digital technologies, declaring that he supported innovation and the financial freedom they provide. Thanks to the new leadership, American cryptocurrency enthusiasts and the entire market can count on favorable regulations that will further accelerate the adoption of digital assets. Analysts emphasize that such a policy could bring relief to the industry after the period of increased regulatory restrictions in recent years. Gary Gensler bye-bye?
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