America : Due to the announcement of US election results, it seems to be affecting all the major stock markets around the world. The largest cryptocurrency Bitcoin has surged in anticipation of the victory of presidential candidate Donald Trump.
In fact, Donald Trump is leading in the race for this presidential election, due to which Bitcoin has jumped to an all-time high. Recently it had come down to the low level of 70 thousand dollars. Talking about today's trading of Bitcoin, it has currently reached the price of $ 74,362.19 with an increase of 9.28 percent and had also touched the all-time high of $ 75,011.06.
Trump's victory may prove auspicious
The presidential election to be held in America this year is very important for the crypto industry. There have been many discussions on this issue during this election. Many people associated with the Bitcoin industry are also calling Kamala Harris's victory a threat to crypto. On the other hand, Trump's victory is being said to be quite auspicious for it. Earlier this year, Donald Trump described himself as a pro-crypto candidate.
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Whose victory will be affected?
The research head associated with Bitcoin has said that until the election results are fully revealed, the crypto currency may see fluctuations. When asked whose victory could have the greatest impact, Kamala Harris or Donald Trump, the answer received was that if Donald Trump wins this election, it could take crypto currencies to all-time high levels. Also, if Kamala Harris wins this election, then a negative impact can be seen on crypto currencies. However, it is also being said that whoever wins this election, the crypto currency market is bound to go up.
Impact of earlier election results
Earlier, in the presidential elections held in 2012, Bitcoin had given 87% return 90 days after the elections. Also, in the 2016 elections, this return figure had reached 44% and in the year 2020, Bitcoin gave 145% return.
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