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Trump's victory has mobilized Bitcoin and cryptocurrency investors.
Trump's victory has mobilized Bitcoin and cryptocurrency investors.

06.11.2024 13:40

The cryptocurrency world is becoming active due to the impact of the U.S. presidential elections. Large investors, referred to as new Bitcoin (BTC) "whales," made purchases worth $132 million in anticipation of Donald Trump's election victory. A total of 1,806 Bitcoins withdrawn from the cryptocurrency exchange Binance were transferred to 11 new wallets.

The cryptocurrency markets have entered a bullish trend with Donald Trump's potential victory in the U.S. presidential elections. Trump's lead in key states like North Carolina and Georgia has pushed the price of Bitcoin above $75,000.

Bitcoin Whales Move the Market with Trump's Victory

According to a November 6 post on X (formerly Twitter) by the blockchain intelligence platform Lookonchain, significant transfers were recorded from Binance. A total of 1,806 Bitcoins were transferred to 11 newly created wallets.

Many sources, including The Hill and Decision Desk HQ, indicate Donald Trump as the winner of the election with his lead in key states he lost in 2020. This development has energized the Bitcoin market and increased investor interest.

Bitfinex analysts predict that Bitcoin could reach $80,000 by the end of 2024 based on data from the options market. The Crypto Fear & Greed Index remaining above 70 indicates that investor confidence continues.


 
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