Bitcoin reached a new all-time high amid the US elections, reaching $75,000.
The value of the Bitcoin cryptocurrency on the night of November 6 updated its historical maximum, reaching $75 thousand. This is confirmed by Coinmarketcap data.
As of this morning, one bitcoin is worth $74,909. After that, the rate decreased slightly, then it continued to grow.
On the Binance crypto exchange, the Bitcoin rate reached exactly $75,000, but then dropped.
Note that Bitcoin strengthened against the backdrop of the US presidential election.
We remind you that in January the United States took an important step towards legalizing Bitcoin. Fund industry heavyweights BlackRock, Invesco and Fidelity and smaller rivals including Valkyrie were allowed to start trading. After that, the price of the cryptocurrency began to rise rapidly.
Bitcoin reached its previous maximum in March 2024, when the price rose to $73,777.
Bitcoin also reportedly rose above $72,000 for the first time since June. This was facilitated by the influx of funds into special exchange-traded funds, as well as speculation about the possible outcome of the US election.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.