From Investing.com

November 8, 2024 12:39:44 AM:

Bitcoin surged to record highs close to $76,837.8 after Trump’s victory in the 2024 election boosted crypto markets. The Fed’s interest rate cut added to the rally, with Bitcoin trading up 1.6% at $75,980.3. Trump’s promise of crypto-friendly regulations and Powell’s positive economic outlook further fueled gains across risk assets, including crypto.

Crypto prices were on track for a stellar week, with Bitcoin up nearly 10% and Ethereum rising 2.8% to $2,916.48. Memecoin saw a 24% increase, while other altcoins like Litecoin, Ripple, and Cardano recorded gains between 7% and 22%. This week’s performance marked the best week for altcoins since mid-May.

Read more at Investing.com: upbeat near $76k on Fed rate cut cheer, Trump victory By Investing.com