While the price of the cryptocurrency Bitcoin rose above $ 68,000 with Donald Trump appearing ahead in critical states in the US presidential election polls, the value of the global cryptocurrency market increased by 2 percent.
According to data from analysis company Coinmarketcap, the value of the global cryptocurrency market, including Bitcoin, increased by 2 percent in 24 hours and exceeded $ 2 trillion. Analysts state that the possibility of Trump winning the US elections has a positive effect on the cryptocurrency markets due to his supportive views on cryptocurrencies. According to current polls in the US, Republican candidate Trump is narrowly ahead of his Democratic opponent Kamala Harris in 6 of the 7 critical states that are decisive in the presidential race. According to the average of the polls in the 7 swing states, which are of critical importance due to the system called the “Electoral College,” Trump is seen to be ahead of Harris by 0.7 points. Analysts share the view that Harris will be more repressive towards cryptocurrencies if elected president and that some investors are concerned about this. As of 21:15, Bitcoin, which has increased in price by 2.7 percent in the last 24 hours, reached $68,664. Ethereum, which ranks second in terms of market value, gained 2.6 percent in the last 24 hours and rose to $2,651. Global markets faced historic selling pressure on the first trading day of the week due to rapidly strengthening recession concerns in the US and developments in the Asian market.
