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We're sorry but ex_web doesn't work properly without JavaScript enabled. Please enable it to continue. Home Futures Perpetual Asset Log in ENGLISH Log in -------------------------------------------------------------------------------- Home Futures Perpetual Asset Download APP Language King of Cryptocurrencies Faster, better, stronger Easily trade over 1700 cryptocurrencies Register Now Buy Bitcoin, Ethereum and 1000+ Cryptocurrencies BTCUSDT 76738.14 +1.16% Trade ETHUSDT 2939.04 +1.54% Trade ADAUSDT 0.45 +10.62% Trade BCHUSDT 371.13 -1.70% Trade DASHUSDT 23.536 +0.27% Trade News and information See more 6.11.2024 Bitcoin leaps to record high as traders lean towards Trump victory SINGAPORE (Reuters) -Bitcoin surged to a record high in Asian trade as investors leaned towards Donald Trump winning the U.S. presidential election. The world's biggest cryptocurrency rose 7% to $75,060, topping March's peak, with the prospect of Trump's return to the White House seen ushering in a softer line on cryptocurrency regulation. Republican Trump won 15 states while Democrat Kamala Harris captured seven states and Washington, D.C., Edison Research projected, and though the race remained too early to call financial markets began moving in the Asia session to price a victory for the former president. Matthew Dibb, chief investment officer at cryptocurrency asset manager Astronaut Capital, said markets expected a change in attitude at the U.S. Securities and Exchange Commission to remove a choke point for crypto innovation and speculation. "(A) Democrat win would have felt like a short term nail in the coffin," he said. "Probably not the case long term but the market is placing high importance on it." Smaller cryptocurrency ether also jumped 7.5% but at $2,593 remained well below its 2021 high of $4,867 29.10.2024 Bitcoin soared by more than 3% again, only more than $100 away from its historical high! In the past five days, Bitcoin has continued to rise amid market doubts, with a cumulative increase of 8%. Since the beginning of this year, Bitcoin has risen by 63%, exceeding the 35% increase in gold and the three major US stock indexes in the same period. Before the US presidential election, Bitcoin is still expected to break through this position. Although Bitcoin has performed well this year, the entire crypto market has not risen completely synchronously, and most virtual currencies remain in a lower price area or even hit a new low in this cycle. Typical examples are ADA, XRP, DOT, etc., showing the well-known "blood-sucking effect". According to historical experience, this effect will gradually dissipate as Bitcoin prices continue to hit new highs, that is, after Bitcoin prices stagnate, some funds will be diverted to other altcoins or hot sectors. At present, this change may occur between after the US election and early 2025. 17.10.2024 Recent Bitcoin strength driven by improving odds of Trump election win - Bernstein Recent strength in Bitcoin is being driven by an improvement on betting websites in Donald Trump's odds of winning the 2024 US election, according to analysts at Bernstein. Although both Trump and Democratic candidate Kamala Harris have both indicated support for digital assets, crypto markets have strengthened in correlation with the former president's chances of emerging victorious in the Nov. 5 ballot, the analysts noted. Despite polls suggesting that Harris holds a narrow lead nationally and the race is a virtual toss-up across several key battleground states, online prediction markets have shown a rise in Trump's chances of winning a second four-year term in the White House. Bets on Kalshi, which was recently granted court approval to carry out election betting in the US for the first time, give Trump a 57% edge, compared to 43% for Harris. At the same time, Polymarket has the contest at 60% for Trump and about 40% for Harris. <div id="article-newsletter-hook"> </div> Bitcoin, meanwhile, has jumped by 16.6% over the last one-month period, as of 07:20 ET (11:20 GMT) on Wednesday. The world's most popular digital token was exchanging hands at $67,887.9, a 24-hour increase of 3.4%, as it appeared to have broken out of a $50,000 to $65,000 trading range seen through most of the year. "[T]he Bitcoin market strength is recent and reflective of the current spike in Trump odds," the Bernstein analysts said in a note to clients. Trump has maintained a largely pro-crypto stance in recent campaigning despite previously calling Bitcoin a "scam". This week, his World Liberty Financial crypto project went live, with reports stating that it raised at least $220 million in token sales. Harris, for her part, has vowed to form a definite regulatory framework for crypto, although she did not elaborate on the details. Platform Introduction Dolphin Exchange was founded by Rashida Nasrin in 2023 and is headquartered in the United States. Rashida Nasrin is a blockchain and cryptocurrency developer who focuses on the development of decentralized applications (dApps) and smart contracts. Dolphin Exchange's simple interface and operation provide users with the convenience of fast operation, and through cold wallet storage, user identity verification (2FA), encryption technology, etc., to ensure the security of user assets. Rashida Nasrin has a keen market sense and a vision for the future of the cryptocurrency exchange market. Promote the development of the cryptocurrency market through technological innovation and user experience optimization. As the name of Dolphin Exchange comes from, dolphins show great curiosity and wisdom in exploring unknown areas. These exploratory behaviors and learning abilities not only help dolphins survive in the natural environment, but also enable them to remain flexible and adaptable when facing environmental changes and challenges. Our advantage Safe and stable Top technical team, comprehensive security protection, independent Professional and reliable Professional operation team, with many years of experience in blockchain and finance Serve with heart Facing the global market, supporting multiple languages, running 24/7 High performance 300,000 transactions per second and order response time of less than 1 millisecond. Trade anytime, anywhere! Scan the code to download now IOS & ANDROID Android IOS CopyRight @2018-2024 Exchange All Rights Reserved support@mail.dolphex.me ENGLISH About Us Announcement Center Products Services Perpetual Futures Exchange Market Financial management Support Help Center Service agreement Privacy Statement