On November 6th, Donald Trump became the 47th President of the United States, sparking reactions in various financial markets. Cryptocurrency and equities markets showed positive momentum following the election results, while precious metals like gold and silver showed little to no optimism. The increase in market confidence led investors to move their funds from precious metals to riskier assets like cryptocurrency.
Bitcoin climbed by 13% after Trump won, reaching a new all-time high of $77,200. As the crypto market is bullish about Trump’s favorable stance on the industry, it is expected that Bitcoin will continue registering gains in the coming months.
