Bitcoin Price Makes Gains as Trump Pulls off Unlikely Presidential Victory
As the US Presidential poll count began earlier today, bitcoin price has made steady increasing gains as investors flocked toward the cryptocurrency in a day that saw the most improbable victory in modern political history. As polling in the eastern states in the US came to a close, bitcoin price stood at $706.36 at 02:00 UTC on the Bitstamp Price Index (BPI). The overwhelming narrative that heavily favored victory for Democratic nominee Hillary Clinton in recent months quickly began to fall apart as polling numbers came in, with Florida and Ohio, two key swing states, won by Trump to gain....
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The results are in, and Americans are shocked by a Donald Trump upset victory over Hillary Clinton in the 2016 presidential election. Bitcoin markets reacted to the victory as well, the price rising as much as $30 to renewed highs of $730. In the midst of all the hype and hoopla, one thing appears to be certain: bitcoin is benefiting from Trump’s victory. The price of everyone’s favorite digital currency spiked an additional three percent yesterday following the former reality star’s win in Washington. At press time, the bitcoin price stands around $717. That’s an increase of eight dollars....
Bitcoin prices have steadily risen since the counting of votes in the US presidential race began, climbing more than 3 percent as Republican Donald Trump appears close to pulling off an electoral upset. The price of bitcoin is hovering around $737 after rising from a low of $709 when polls in the Eastern US began to close, according to the CoinDesk USD Bitcoin Price Index. CNY markets are up 2.4%, reaching ¥4,959.11 at press time. Polls prior to the vote on Tuesday pointed to a likely win for Democrat Hillary Clinton. But with the results rolling in, Trump's chances for success have grown.....
When Donald Trump won the presidential election in November, the price of bitcoin jumped. Following his inauguration today – not so much. On 9th November, prices bounced more than 3% as Trump, the controversial businessman and Republican presidential nominee, secured the votes to clinch the election versus former US secretary of state Hillary Clinton. That move came as stock markets worldwide sharply fell as Trump's victory became apparent. The reaction to Trump's inauguration, by contrast, was far more muted. Data from the CoinDesk Bitcoin Price Index (BPI) shows that today’s prices have....
Bitcoin (BTC) has been on an all-time-high (ATH) run following the election victory of the Republican US presidential candidate Donald Trump. Add Crypto Exposure At The Earliest, Bernstein Tells Clients Despite Bitcoin’s strong gains after the election, analysts at trading firm Bernstein remain confident that the broader crypto market still has substantial room for growth. […]
The Bitcoin price is seeing the biggest gains of any financial instrument right now. If there is one positive thing to take away from the US Presidential elections, it is the increased bitcoin price. No matter who won, the Bitcoin price was poised to go up as a result. Stock markets around the world have gone in the red already, despite showing signs of recovery. As Americans let themselves get Trumped, Bitcoin users are watching events unfold with a smile on their faces. Financial turmoil is daily news these days, and things only get worse over time. The 2016 US Presidential elections....