Bitcoin reached a record high of $76,444 during late trading on November 6, 2024, after the US presidential election results showed Donald Trump as the winner. Analysts and commentators believe that this is due to the US presidential election results and the pro-crypto Congress. Bitcoin’s gains for the past month are 20%, with year-to-date gains reaching 78%.
Ethereum also experienced a surge of 10%, reaching $2,872, the highest it has traded since early August. There has been a boom in institutional interest in both Bitcoin and Ethereum, as spot Bitcoin ETFs saw huge inflows on November 6, reversing a three-trading-day trend of outflows. Follow Us on Telegram or Subscribe to our Newsletter & be the first to know about our exclusive offers.
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