A flurry of crypto market investors lauds the victor of Donald Trump in the US Election 2024, beating Kamala Harris. According to recent reports, the former US president secured a victory in the election, sparking market optimism over the Bitcoin price rally to $100K. Besides, the market participants are also celebrating the growing influence of crypto in the US political space.
Donald Trump Secures Victory In the US Election
A flurry of market participants has lauded Donald Trump’s victory in the US election, sparking optimism in the crypto sector. According to the Stand With Crypto report, Donald Trump has secured victory in the presidential race this year, defeating Democratic leader Kamala Harris, which comes in tandem with the market expectations.
Besides, it also showcases the growing influence of crypto in the US political landscape. Recently, Coinbase CEO Brian Armstrong highlighted how the voters have leaned toward the pro-crypto candidates in the election.
In addition, the update has also sparked discussions over the US SEC’s potential stance towards digital assets going forward. Notably, many deem the agency to be an anti-crypto regulator, which has hindered growth and innovation in the sector so far.
Meanwhile, Trump’s victory also sparked optimism toward a swift rally in cryptocurrency prices. This is also evident by the recent surge of BTC to a new ATH in anticipation of a potential post-election rally. Now, many in the digital assets space anticipate a potential Bitcoin price rally to $100k in the coming days.
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