Crypto Market Surges After Trumps Victory Bears Face Losses

Bears shorting the market are losing as almost all cryptocurrencies are experiencing gains since Donald Trump won the 2024 US presidential elections. In the past few hours, BTC reached a peak of over $77,000, while ETH approached $3,000, and a large whale was caught off guard on BitMEX. The cryptocurrency market has been thriving since it became evident that Trump would be the next US president, leading Bitcoin to break its March all-time high of $73,737.

Ethereum has also experienced a surge of 19% over the past week, putting it close to $3,000 for the first time in over three months.

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