Crypto community celebrates Trump’s election victory
Summary
Donald Trump declared victory in the 2024 presidential election with 277 electoral votes, surpassing the 270 needed to win. His Democratic opponent, Kamala Harris, has 224 electoral votes and no viable path to victory. Trump has promised to end the war on cryptocurrency and aims to make the US the "crypto capital of the planet." He plans to fire SEC Chair Gary Gensler and launch a strategic Bitcoin reserve of 200,000 BTC. The cryptocurrency community is largely supporting Trump, with endorsements from major exchange founders and industry figures. Following his election lead, Bitcoin reached historic highs, briefly touching $75,000, and is currently trading at $73,580, with a total market capitalization of approximately $2.6 trillion.
