Cryptocurrencies welcomed Donald Trump’s victory positively. According to unofficial results, the Republican candidate Trump won the election. Bitcoin set a new record by surpassing $75,000.

Donald Trump became the new president of the United States according to unofficial results. Trump, the Republican candidate, declared his victory in Florida. While approximately 87% of the votes were counted, Trump led with 51.2% against Harris, who received 47.4% of the votes. Trump surpassed the required 270 delegate count for presidency by obtaining 277 delegates, while Harris remained at 224. Trump’s election performance was accompanied by a rise in Bitcoin price. According to Coinmarketcap data, the cryptocurrency’s price reached a record high of $75,011. Bitcoin traded at $74,450 with a 7.23% increase as of 3:30 PM. The second-largest cryptocurrency asset, Ethereum, approached $2,650 in the morning.

“US TO BECOME CRYPTO CAPITAL”

Promises regarding cryptocurrency stood out in Trump’s election campaign. Trump mentioned plans to make the US the global crypto capital and ensure it becomes the Bitcoin superpower of the world. He stated that the US government would hold all Bitcoins it owns or acquires, forming the core of a strategic national Bitcoin reserve. Trump criticized the US Securities and Exchange Commission (SEC) for “destroying Bitcoin” and claimed he would dismiss Gary Gensler on his first day in office.