Bitcoin leaps to record high as traders lean towards Trump victory
By MYBRANDBOOK
Bitcoin surged to a record high and rose 7% to USD 75,060, topping March's peak as market speculation grew around a potential Donald Trump victory in the upcoming election. Traders appear to believe that a Trump win could lead to policies favorable for cryptocurrency, including a lighter regulatory environment and support for alternative financial systems.
Analysts note that Bitcoin’s rise reflects the perception that a Trump win might support alternative financial structures, particularly decentralized options. Investors are eyeing the outcome closely, positioning themselves to benefit from any policy shifts that could drive cryptocurrency adoption forward.
The correlation between Bitcoin’s performance and political developments underscores how digital assets have increasingly become sensitive to regulatory outlooks. With both parties presenting distinct views on fintech and digital finance, the election’s outcome may continue to influence Bitcoin’s trajectory in the coming months.
Trump vowed to make the US the crypto capital of the planet, create a strategic Bitcoin stockpile and appoint regulators who love digital assets. Harris adopted a more measured approach, pledging to support a regulatory framework for the industry.
Bitcoin is viewed by many as a so-called Trump trade because the former president embraced digital assets during his campaign after a major push by the industry. As the election draws closer, Bitcoin’s trajectory could continue to mirror investor sentiment around the outcome.
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
TVS ELECTRONICS LTD.
TP-LINK INDIA PVT. LTD.
EXIDE INDUSTRIES LTD.
AMARA RAJA POWER SYSTEMS LTD.
ICONS OF INDIA : SACHIN BANSAL
Sachin Bansal is an Indian entrepreneur. He is best known as the found...
Icons Of India : Arjun Malhotra
Arjun Malhotra, the Chairman of Magic Software Inc., is widely recogni...
ICONS OF INDIA : SHAILENDER KUMAR
Shailender Kumar is senior vice president and regional managing direct...
C-DOT - Center of Development of Telematics
India’s premier research and development center focused on telecommu...
IREDA - Indian Renewable Energy Development Agency Limited
IREDA is a specialized financial institution in India that facilitates...
NPCI - National Payments Corporation of India
NPCI is an umbrella organization for operating retail payments and set...
Indian Tech Talent Excelling The Tech World - Aneel Bhusri, CEO, Workday
Aneel Bhusri, Co-Founder and Executive Chair at Workday, has been a le...
Indian Tech Talent Excelling The Tech World - PADMASREE WARRIOR, Founder, President & CEO - Fable
Padmasree Warrior, the Founder, President, and CEO of Fable, is revolu...
Indian Tech Talent Excelling The Tech World - Rajiv Ramaswami, President & CEO, Nutanix Technologies
Rajiv Ramaswami, President and CEO of Nutanix, brings over 30 years of...