From Investing.com: 2024-11-07 09:20:02

Bitcoin steadied near recent peaks following Donald Trump’s victory in the 2024 presidential election, leading to gains in cryptocurrencies on hopes of friendlier regulation. Bitcoin climbed to $74,809.0 after hitting a record high of $76,401.4. Trump’s pro-crypto stance and swift victory cleared uncertainty, sparking a rally in risk-driven assets. After the Federal Reserve meeting, traders awaited signals on rate cuts. BlackRock’s iShares Bitcoin Trust saw massive trading volume post-election day, with spot bitcoin ETFs collectively attracting $621.9 million in inflows. Major altcoins also extended gains, with Ethereum hitting a three-month high.



Read more at Investing.com: steadies near $75k as Trump victory lifts crypto markets By Investing.com