Investing.com– Bitcoin steadied near recent peaks on Thursday, as Donald Trump’s victory in the 2024 presidential election sparked sharp gains in cryptocurrencies on the prospect of friendlier crypto regulations.
But while Bitcoin’s rally cooled, other major altcoins extended their recent gains, given that they were still trading at a significant discount to their 2021 record highs.
climbed to $74,809.0 by 09:18 ET (14:18 GMT). The world’s biggest crypto surged to a record high of $76,401.4 on Wednesday.
Trump election sparks Bitcoin rally
Gains in Bitcoin came as Trump pulled ahead of Kamala Harris in early vote counting, before being declared as the president-elect later on Wednesday.
Trump had presented a largely pro-crypto stance, promising to introduce friendly regulation if elected, while also potentially giving Bitcoin more credibility as an investment vehicle.
