The US Elections 2024 frenzy takes a historic turn, as Donald Trump becomes the 47th US President and Bitcoin reflects this victorious sentiment, by reaching the $75K mark.
The Republicans had already gained significant influence in the high-stakes tax , crypto and spending battle and holding ultimate decision-making power over the next president’s executive and judicial nominations, thanks to their US senate win. And now, with the Presidential win, Donald Trump is set to work on the ‘Make America Great Again’ campaign.
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This election was particularly special as the voices of the crypto industry were the loudest, and the echo has now seemed to reach the House of Senate as well as the House of representatives. The testament to this is- the House of Representatives now boasts 220 Pro-crypto candidates, and the House of Senate boasts 14 pro-crypto candidates.
Since the time early voting began, crypto, especially Bitcoin, has seen a massive surge. Bitcoin is now trading at $74,903 after a surge of 8.89% in the past 1 day.
The turning point to the US Elections 2024 was Donald Trump’s win in the crucial swing state of Pennsylvania. Even the US Senate elections in this swing state saw Republican candidate, Dave McCormick who is a strong crypto supporter win at 44.71% vote share. Other Pro-crypto Republican Senate winners include Bernie Moreno, Tim Sheehy , Mike Rogers, Sam Brown, Zach Nunn.
The win has garnered a lot of congratulatory response for Trump. Billionaire and Kamala Harris’s ally, Mark Cuban, said that Trump “won a fair victory”. Elon Musk also wrote, “The future is gonna be fantastic”, as he shared that given the frenzy around Elections, X witnessed record high usage.
The people of America gave @realDonaldTrump a crystal clear mandate for change tonight
— Elon Musk (@elonmusk) November 6, 2024
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Also Read: 2024 US Elections: What’s Harris and Trump’s Take on Crypto Regulation?
