Bitcoin, Dogecoin Spike After Trump’s Speech In Florida, Winning Key Battle States Puts Ex-President On Cusp Of Victory
The cryptocurrency market received an unprecedented boost after Donald Trump, a vocal advocate of the asset class, came to the brink of victory after winning the key battleground states of Pennsylvania, and North Carolina.
What happened: The Associated Press declared Trump the winner at 2:24 a.m. ET, as the highly charged cycle that saw cryptocurrencies become a significant election issue nears its end.
Trump claimed victory at the Palm Beach Convention Center, the home of his official election night party, although AP was yet to project him as the winner.
Bitcoin, the barometer of the market, set a new all-time high earlier, as odds of a Trump victory started increasing on prediction markets like Polymarket and Kalshi.
As of this writing, Bitcoin cooled down to $73,000, as traders took profits on the …
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