{"id":595182,"date":"2024-11-06T08:09:29","date_gmt":"2024-11-06T08:09:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=595182"},"modified":"2024-11-06T08:14:17","modified_gmt":"2024-11-06T08:14:17","slug":"bitcoin-sets-new-all-time-high-meme-coins-go-parabolic-as-donald-trump-closes-on-victory-in-us-election","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-sets-new-all-time-high-meme-coins-go-parabolic-as-donald-trump-closes-on-victory-in-us-election","title":{"rendered":"Bitcoin Sets New All-Time High, Meme Coins Go Parabolic As Donald Trump Closes On Victory In US Election"},"content":{"rendered":"

Bitcoin soared to a new all-time high while meme coins and PolitiFi tokens surged as pro-crypto Republican <\/span>Donald Trump<\/span><\/a> closed on victory in the US election.<\/span><\/p>\n

BTC soared 9% to as high as $75,361.09 in the past 24 hours but has since pared gains to <\/span>trade<\/span><\/a> at $73,503 as of 3:00 a.m. EST. The broader crypto market saw its market capitalization jump 10% as the meme coin segment soared 25% and <\/span>PolitiFi tokens surged 12%<\/p>\n

Trump claimed victory while speaking at West Palm Beach in Florida, and thanked voters for electing him as the next US President. Rival Kamala Harris has yet to concede.<\/p>\n

\"Republicans<\/p>\n

Trump Looks Headed For US Election Win<\/span><\/h2>\n

The surge in BTC’s price comes as Trump gains a strong lead over political rival <\/span>Kamala Harris<\/span><\/a> in the US election. Given his pro-crypto stance, many believe that a Trump victory will clear the way for a better regulatory environment for the crypto industry in the US, triggering a surge in digital assets.<\/span><\/p>\n

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AP Race Call: Donald Trump wins the swing state of Georgia, returning its 16 electoral votes to Republicans.<\/p>\n

Aside from when Joe Biden narrowly carried Georgia in 2020, Republicans have won every presidential vote in the state since 1996. https:\/\/t.co\/vNyURdNHtn<\/a> pic.twitter.com\/T6Cx4XUQaQ<\/a><\/p>\n

— The Associated Press (@AP) November 6, 2024<\/a><\/p><\/blockquote>\n