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- Bitcoin sets a new ATH at $75,011.06 after a 8.15% pump.
- BTC pumped wildly from $68,000 in the wake of the US Presidential elections.
- Presently, Trump has taken the lead which propels BTC parabolic pump action.
The price of Bitcoin (BTC) soared from $68,000 to $75,011.06 to set a new ATH. This incredible price pump is mirroring Trump’s lead in the ongoing US Presidential Elections. Bitcoin (BTC) pumped by 8.15% under a day in the midst of the US Presidential elections, this further propels Trump’s chances of a victory over Harris.
Bitcoin Sets New ATH at $75,011.06
According to Binance, Bitcoin hit a new all-time high of $74,800 after 236 days. The previous high was $73,777 on March 14, 2024. Trump's chances of winning on Polymarket exceeded 87%. https://t.co/osFJFGO3mg pic.twitter.com/NFRd0hZ9Mo
— Wu Blockchain (@WuBlockchain) November 6, 2024
As we can see from the post above, the same sentiment is being mirrored by the global crypto community. The post highlights that according to Binance, Bitcoin hit a new all-time high of $74,800 after 236 days before pumping higher. The previous high was $73,777 on March 14, 2024, according to Binance data.
The same post goes on to say that Trump’s chances of winning on Polymarket exceeded 87%. The greater sentiment in the crypto market is that the Bitcoin pump to new ATH would happen in the event of a Trump or a Harris win with the only difference being a small dump before a pump in case of a Harris victory.
Trump Leads US Presidential Election
However, in a case of a Trump victory, Bitcoin, altcoins, memecoins, and every other crypto token are expected to surge parabolically. In this scenario, the expectation for Bitcoin (BTC) to set new 6-digit highs from $100,000 to much higher targets could come to be before the end of Q4, 2024.
In the event of an expected bullish Q4 coming true, an even more bullish altseason is expected to follow in Q1 of 2025 where a myriad of altcoins will likely hit their own multiple ATHs targets. So far, many altcoins including ETH, have already begun to show bullish indicators on their price chart.
All in all, the crypto community, with the rest of the world, await with bated breath over the final call in the US Presidential elections. Will Trump take the President of the United States of America once again and lead Bitcoin to its next ATHs?