Bitcoin Breaks $75,000 for First Time in History
The first cryptocurrency set a new all-time high in a rapid rally, reaching $75,000. The growth in just an hour was an impressive 10%, demonstrating the strongest upward momentum since the beginning of the year.
Over the past 24 hours, the Bitcoin exchange rate has grown by more than 9%, allowing the cryptocurrency to update its historical maximum. The previous record was set on March 14, when the price of the world’s most popular cryptocurrency briefly rose to $73,797 per coin. Since then, the price of Bitcoin has been below $70,000 for most of the year. The growth of the Bitcoin exchange rate was provoked by the presidential elections in the United States. According to media reports, Republican candidate Donald Trump is leading. Investors expected that the Bitcoin exchange rate would be unstable until the winner of the presidential election was announced. At the same time, in the event of Trump’s victory, a confident growth of the digital asset was predicted, while the victory of the Democratic candidate Kamala Harris, on the contrary, could lead to a decrease in the rate.
Analysts are calling this year’s US presidential election the most important in the history of the crypto industry. Other cryptocurrencies have also shown significant growth:
