The cryptocurrency has exceeded the $75,000 mark for the first time, boosted by the prospect of regulatory relaxation which could be decided by the new American president.
Published on 06/11/2024 15:50
Reading time: 1min
The value of bitcoin exceeded the $75,000 mark (70,000 euros) for the first time on Wednesday, November 6. The cryptocurrency was boosted by the prospect of regulatory relaxation favorable to digital currencies which could be implemented by Donald Trump, elected President of the United States after his victory against Kamala Harris.
The leading digital currency by capitalization, bitcoin gained nearly 9% to reach a new absolute record at $75,371.67 early in the morning, more than the previous record, reached in March ($73,797.98). The price soared just as the Republican's victory in the American presidential election was taking shape.
Ether, another major digital currency, traded at $2,621.54, up 8.53%. Memecoins, highly volatile parodic digital currencies, are also experiencing a boost, like dogecoin promoted by billionaire Elon Musk, a fervent supporter of Donald Trump. The new president pledged during his electoral campaign to make the United States “the world capital of bitcoin and cryptocurrencies”.
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