{"id":595182,"date":"2024-11-06T08:09:29","date_gmt":"2024-11-06T08:09:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=595182"},"modified":"2024-11-06T11:50:37","modified_gmt":"2024-11-06T11:50:37","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 Wins Presidency"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Bitcoin soared to a new all-time high while meme coins and PolitiFi tokens surged as pro-crypto Republican <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/donald-trump-meme-coins-soar-even-as-his-polymarket-odds-weaken-ahead-of-us-election-tomorrow\"><span style=\"font-weight: 400;\">Donald Trump<\/span><\/a><span style=\"font-weight: 400;\"> won the US presidency for the second time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTC soared 9% to as high as $75,361.09 in the past 24 hours but has since pared gains to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\"><span style=\"font-weight: 400;\">trade<\/span><\/a><span style=\"font-weight: 400;\"> 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<p>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<p><img decoding=\"async\" src=\"https:\/\/www.telegraph.co.uk\/content\/dam\/en-us\/politics\/2024\/08\/14\/TELEMMGLPICT000390073113_17236685071810_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=680\" alt=\"Republicans v Democrats: How their policies compare in 2024\"><\/p>\n<h2><span style=\"font-weight: 400;\">Donald Trump Promises To Be &rdquo;Crypto President,&rdquo; Fire Gary Gensler<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">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<p>Indeed, Trump promised to be &rdquo;crypto president&rdquo; and vowed to fire Securities and Exchange Commission chair Gary Gensler &rdquo;on day one&rdquo; if he retook the White House. Gensler is widely disliked by the crypto industry because of his regulation by enforcement strategy against it.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">AP Race Call: Donald Trump wins the swing state of Georgia, returning its 16 electoral votes to Republicans.<\/p>\n<p>Aside from when Joe Biden narrowly carried Georgia in 2020, Republicans have won every presidential vote in the state since 1996. <a href=\"https:\/\/t.co\/vNyURdNHtn\">https:\/\/t.co\/vNyURdNHtn<\/a> <a href=\"https:\/\/t.co\/T6Cx4XUQaQ\">pic.twitter.com\/T6Cx4XUQaQ<\/a><\/p>\n<p>&mdash; The Associated Press (@AP) <a href=\"https:\/\/twitter.com\/AP\/status\/1854041534280159720?ref_src=twsrc%5Etfw\">November 6, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400;\">PNUT, DOGE Lead Meme Coin Gains<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The meme coin market&rsquo;s surge was led by <\/span><span style=\"font-weight: 400;\">new tokens including Peanut The Squirrel (PNUT) and Department Of Government Efficiency (DOGE) with gains of 222% and 99%, respectively, as Elon Musk claimed victory for Trump.&nbsp;<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/news\/politifi-coins-soar-ahead-of-election-day-as-freedum-fighters-rockets-past-400k-in-presale\"><span style=\"font-weight: 400;\">Politifi<\/span><\/a><span style=\"font-weight: 400;\"> tokens also surged, led by <\/span>Dark MAGA (DMAGA) among the top 10 biggest political meme coins by market capitalization with a 37% surge.<\/p>\n<p><span style=\"font-weight: 400;\">In contrast, cryptos linked to Harris suffered the biggest blows. Among the worst performers are Kumala Herris and Kamala Horris, which saw their prices drop over 98% and 88% in the last 24 hours.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Trump showing the size of MAGATRON's &#127814; <a href=\"https:\/\/t.co\/EyjObu2GNT\">https:\/\/t.co\/EyjObu2GNT<\/a><\/p>\n<p>&mdash; FreeDum Fighters (@Freedum_Fighter) <a href=\"https:\/\/twitter.com\/Freedum_Fighter\/status\/1853951817618776517?ref_src=twsrc%5Etfw\">November 6, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/hamster-kombat-user-base-plummets-86-amid-competition-from-paws-and-political-backlash-as-hmstr-token-slumps\"><span style=\"font-weight: 400;\">Hamster Kombat User Base Plummets 86% Amid Competition From Paws And Political Backlash As HMSTR Token Slumps<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/crypto-all-stars-storms-past-2-9m-in-presale-will-this-meme-coin-lead-the-next-supercycle\"><span style=\"font-weight: 400;\">Crypto All-Stars Storms Past $2.9M In Presale &ndash; Will This Meme Coin Lead The Next Supercycle?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/best-meme-coins-to-buy-november-5-tg-casino-corgiai-beam-flockerz\"><span style=\"font-weight: 400;\">Best Meme Coins To Buy November 5 &ndash; TG.Casino, CorgiAI, Beam, Flockerz<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - 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