Bitcoin prices have made a new peak price of $75,000 during early Asian trading on Wednesday, Nov, 6, according to Tradingview measuring prices on Binance.<\/p>\n
The price pump followed a 9% gain on the day as the US election votes were counted, and Donald Trump extended his lead over Kamala Harris at the time of writing.<\/p>\n
CoinGecko also had BTC trading at an all-time high<\/a> but posted a lower aggregate price of $74,500, where it was trading at the time of writing.<\/p>\n Bitcoin all-time high and no one knows yet.<\/p>\n That will change. pic.twitter.com\/qrS2XSyPRf<\/a><\/p>\n \u2014 Anthony Pompliano (@APompliano) November 6, 2024<\/a><\/p>\n\n Total market capitalization hit $2.57 trillion on Wednesday morning, its highest level since late July, primarily driven by Bitcoin\u2019s new peak.<\/p>\n Moreover, BTC wasn\u2019t the only digital asset making big moves at the moment. Dogecoin (DOGE) exploded<\/a> 30% on the day, topping $0.21 for the first time since late March.<\/p>\n Other big movers include Solana (SOL), which surged 14% to reach $184 at the time of writing.<\/p>\n Avalanche (AVAX), Chainlink (LINK), Sui (SUI), and Near Protocol (NEAR) were also outperforming wider markets with double-digit gains on the day at the time of writing.<\/p>\n Trump\u2019s memecoin MAGA (TRUMP) had also pumped 28% as the man himself extended his lead.<\/p>\n However, Ethereum had only made around 6% and was lagging behind its crypto brethren again, failing to break resistance at $2,600 or even reach its October highs.<\/p>\n Other altcoin laggards included Binance Coin (BNB), XRP, and Toncoin (TON), failing to gain 5%.<\/p>\n Nevertheless, \u201cthe real winner today is crypto,\u201d commented Ethereum advocate Anthony Sassano.<\/p>\n The short-term Bitcoin pump is correlated with the probability of Trump winning the election, and it could go higher if that is the outcome. However, a sharp retrace is likely to occur should Harris be victorious.<\/p>\n Former President Barack Obama cautioned<\/a> that it may take a few days for all the ballots to be counted. \u201cIt took several days to count every ballot in 2020, and it\u2019s very likely we won\u2019t know the outcome tonight either,\u201d he said.<\/p>\n Meanwhile, blockchain betting platform Polymarket<\/a> had the odds<\/a> of a Trump win at record highs.<\/p>\n The post Bitcoin, Altcoins Explode as Election Results Keep Rolling In\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin prices have made a new peak price of $75,000 during early Asian trading on Wednesday, Nov, 6, according to Tradingview measuring prices on Binance. The price pump followed a 9% gain on the day as the US election votes were counted, and Donald Trump extended his lead over Kamala Harris at the time of […]<\/p>\n","protected":false},"author":0,"featured_media":18225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18224"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18224"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18225"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Altcoins Pumping (Well, Most of Them)<\/h2>\n
Premature Market Pump?<\/h2>\n