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Bitcoin soared to a new all-time high while meme coins and PolitiFi tokens surged as pro-crypto Republican Donald Trump closed on victory in the US election. BTC soared 9% to as high as $75,361.09 in the past 24 hours but has since pared gains to trade at $73,503 as of 3:00 a.m. EST. The broader crypto market saw its market capitalization jump 10% as the meme coin segment soared 25% and PolitiFi tokens surged 12% Trump claimed victory while speaking at West Palm Beach in Florida, and thanked voters for electing him as the next US President. Rival Kamala Harris has yet to concede. Trump Looks Headed For US Election Win The surge in BTC’s price comes as Trump gains a strong lead over political rival Kamala Harris in the US election. Given his pro-crypto stance, many believe that a Trump victory will clear the way for a better regulatory environment for the crypto industry in the US, triggering a surge in digital assets. AP Race Call: Donald Trump wins the swing state of Ge...

Pennsylvania House of Representatives have passed “The Bitcoin Rights Bill”, with a bipartisan majority of 176 to 26. The bill seeks regulatory clarity to the digital assets industry, including on self-custody, payments and taxation. Pennsylvania has passed “The Bitcoin Rights Bill”, a new legislation that seeks regulatory clarity to the crypto industry. While the US continues to lag other countries and regions in terms of regulatory clarity for digital assets, the state of Pennsylvania has taken a huge step towards this with the passage of House Bill 2481. Pennsylvania House passes major crypto bill According to FOX Business, the new bill received bipartisan support in the Pennsylvania House of Representatives and passed on Wednesday, October 23, 2024, with 176 votes to 26. The bill outlines protections for Bitcoin and crypto holders, including the right to self-custody and use for payments. ‘Bitcoin Rights’ also provides...

Bitcoin price broke to above $66,000 for the first time in nearly three weeks Cypto analysts at QCP say ‘Uptober’ and the US election sentiment could push bulls higher Bitcoin’s (BTC) price rose more than 6% to break above $66,000 on Monday, October 14, 2024, as most cryptocurrencies recorded 24-hour gains. According to data from CoinGecko, BTC’s price had reached highs of $66,173 across major crypto exchanges. On Coinbase it hit $66,296. The gains came as the flagship cryptocurrency bounced from the uncertainties witnessed the previous week, with Bitcoin bulls seeing a 4% flip in weekly price performance. Bitcoin traded around $65,959 on Coinbase at the time of writing, suggesting a potential continuation amid gains across the S&P 500. The issue of China’s stimulus package was also in trader sentiment. In the crypto market, the overall “Uptober” mood looked to have swung in as altcoins also rose. BTC chart. Sou...