In a historic night for crypto markets, bitcoin has blown past its previous all-time high (ATH) numbers, reaching $75,000 on several exchanges. This price action comes on the heels of several favorable announcements supporting the possible victory of former President Donald Trump in the U.S.

Bitcoin's recent surge past $74,000 is a clear manifestation of market sentiment and broader economic expectations, particularly in light of the current U.S. presidential election. This move is not simply a technical price rally but a direct response to the increasing momentum behind Donald Trump's campaign.

The total crypto market cap rallied over 5 percent in the past 24 hours, led by Bitcoin (BTC), to hover around $2.51 trillion on Wednesday, November 6, during the early Asian session. The flagship coin surged over 6.9 percent in the past 24 hours to reach a new all-time high (ATH) of above $74.

With the BTC price above the $73,800 mark, the biggest cryptocurrency has registered a new all-time high. After eight long months, the largest cryptocurrency in the world is now trading at prices higher than ever. As bullish momentum increases, the market anticipates the rally reaching a new peak at $90,000.

In the lead-up to the United States election, Bitcoin's price movements have become increasingly intertwined with the presidential race, according to a pair of crypto executives. On Oct. 30, Bitcoin stormed above $70,000 for the first time since June, nearly tearing past its all-time high of $73,750, before stopping just short.

Trump's odds of election victory are up to 79% according to crypto bettors.

Bitcoin has gained nearly 70% year-to-date as the market processes Donald Trump's early lead in the 2024 presidential election.

Bitcoin surged to a record high in Asia trade as investors leaned towards Donald Trump winning the U.S. presidency.

Part of BTC's spike could be attributed to a $94 million liquidation of bearish or hedged bets against the asset, Coinglass data shows, as Trump leads in early voting.

Bitcoin just topped its previous peak price from March in the latest surge amid strong ETF demand and a crypto-tinged U.S. election ahead.

Bitcoin has broken past the $73,800 mark for the first time since March 13, briefly tapping $75,000, as election results give Donald Trump an early lead.

Bitcoin has broken past the $73,800 mark for the first time since March 13, as the battle to become the next United States president rages on.

The price of Bitcoin, the largest cryptocurrency, hit a new all-time high of $75,080 at 3:08 UTC on the Bitstamp exchange.

One market analyst said there's “no reversal in sight” for Ethereum's value against Bitcoin.

Leading cryptocurrencies jumped as polls began to close in the high-stakes presidential election between Donald Trump and Kamala Harris. Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m.

XRP rises as Trump leads early; SEC implications may pave the way for a US XRP-spot ETF.

In a notable transaction, a large holder of Bitcoin—referred to as a “whale” in crypto circles—moved 1,600 BTC, valued at over $108 million, from one undisclosed wallet to another. Blockchain monitoring service Whale Alert flagged this transfer, immediately drawing attention from Bitcoin analysts and enthusiasts who are now speculating on what this could mean for the market.

Bitcoin price is surging again above $70,000. BTC is showing signs of strength and might even clear the $73,500 resistance zone amid Trump's lead.

The Linux Foundation has closed the historic Bitcoin Mailing List, prompting Bitcoin Core developers to move it to Google Groups for continued support.

Bitcoin rose 4.3% to $71,450 amid the US presidential election, with its 2024 gains surpassing traditional assets.

The dollar rallied broadly on Wednesday as early exit polls in the extremely close U.S. presidential election appeared to give an edge to Republican Donald Trump.

The Bitcoin (BTC) price is probing $71,000 as early US Presidential election results roll in and suggest ex-President Donald Trump is performing well, boosting his odds of clinching the presidency on betting markets. The post Bitcoin (BTC) Tests $71,000, Eyes All-Time Highs as Early US Election Results Bolster Trump Victory Odds appeared first on Cryptonews.

Memecoins DOGE and SHIB have outperformed on US election day as US citizens cast their ballots.

Bitcoin recent price movements amid the US presidential election 2024 have led to its price currently standing at around $69,092, following a drop below the $70,000 level last week. This relatively low volatility has marked a calm period for Bitcoin, allowing it to stabilize in the $68,000 to $69,000 range over the past few days.

A break in the bullish structure of the BTC.D would be an early sign that the altcoin season is arriving.

Bitcoin miners could be squeezed out by deep-pocketed tech giants that can outbid them for prime power sources.

An expert analyst is stirring up the debate over XRP's investment potential compared to Bitcoin. JayDee, a well-followed market analyst, has firmly stated that anyone who believes XRP is a better investment than Bitcoin is “out of their minds.

EigenLayer, Ethereum's largest restaking platform, introduces Bitcoin restaking options, including yield opportunities for Wrapped Bitcoin.

Bitcoin exchange-traded funds (ETFs) experienced their largest single-day outflows ever, with a staggering $580 million pulled from these investment products. This massive withdrawal marks a significant shift in investor sentiment, raising questions about the current state of the cryptocurrency market and what might lie ahead for Bitcoin and other crypto assets.

Around $68,685, the price of Bitcoin is beginning to show indications of a possible reversal, suggesting a fresh upward trend toward or perhaps above the $70,000 mark. Following resistance close to recent highs, Bitcoin has consolidated steadily, indicating that buyers may regain control for a bullish continuation.

On-chain data shows the Bitcoin long-term holders have started a phase of distribution recently. Here's what this could mean for BTC's price.

Less than a day before the polls closed in the United States, crypto analysts continued to offer their two cents on the future of Bitcoin and cryptocurrencies. For example, many Wall Street analysts say wild BTC market prices will continue after the elections.

Semler Scientific, a medical device company based in Santa Clara, is making headlines with its strategic pivot towards Bitcoin. Following a recent acquisition of 47 BTC in the third quarter of 2024, the company now holds a total of 1,058 BTC, equivalent to approximately $71 million.

Wallets associated with the now-defunct cryptocurrency exchange Mt. Gox have nived around $2.19 billion worth of the flagship cryptocurrency in a move that could bring relief to more of its thousands of creditors. According to on-chain cryptocurrency analysis firm Spot On Chain, Mt. Gox moved 31,371 BTC worth around $2.

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Long-term holders are selling more cautiously, suggesting a potential shift in market dynamics.

Mt. Gox is back in the news, this time, transferring 32,371 Bitcoin, valued at $2.19 billion at current prices, to an undisclosed address. The transaction from a defunct crypto exchange happened when Bitcoin's market price was stuck in the $65k to $73k range and anticipating the results of the US elections.

The worst case scenario for risk assets including cryptocurrencies would be a delayed or contested election where the result is unknown for weeks, one observer noted.

Bitcoin enthusiasts and investors are eagerly watching the cryptocurrency's price movements. After a year of fluctuations and uncertainty, many are wondering if Bitcoin can reach a new milestone by mid-December, potentially hitting $100,000 per coin or higher.

As Americans await poll results, analysts are already spotting signs of how Bitcoin traders are playing potential Trump or Harris wins.

Recent action has seen Bitcoin price retest the $67,000 price level. Particularly, the Bitcoin price declined by about 8.9% in seven days from $73,464 on October 29 to $66,895 on November 4, as many short-term traders exited their positions.

Bitcoin's (BTC) price climbed to $70,000 today ahead of the US presidential election, indicating the connection between major political events and cryptocurrency movements. Historically, political uncertainty and significant elections have influenced crypto market sentiment and volatility.

BitFuFu set an example for resilient mining, increasing its revenues in Q3, 2024 despite more competitive BTC production operations.

Ethereum Foundation contributor Josh Stark highlighted Ethereum's (ETH) “hardness” as its defining quality in the digital economy, emphasizing its ability to provide unmatched predictability and immutability for decentralized applications. Stark argued that these qualities make Ethereum a resilient foundation, setting it apart from other blockchains and traditional institutions.

MARA (NASDAQ: MARA) has released its unaudited Bitcoin production update for October 2024, reporting a total production of 717 Bitcoin, which represents a 2% increase compared to the previous month. The company's energized hash rate increased by 14% to reach 40.2 EH/s, marking the highest production month since the Bitcoin halving event in April.

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Bitcoin has been volatile Tuesday as voters choose the next American president, but Solana, Dogecoin, and other coins are rising even faster.