BTC & Crypto Market Mirrors Bullishness Post-US Elections

The dynamic realm of crypto closes yet another week, primarily with attention-nabbing developments unfolding across the broader sector. Bitcoin (BTC)

CoinGape Media reported that BTC price witnessed a considerable surge post-U.S. elections, with the market largely pivoting bullish in light of Donald Trump’s win as the 47th president.

In other news, XRP stole the spotlight this week, witnessing remarkable developments.

Here’s a brief overview of some of the top market headlines reported by CoinGape Media over the past week.

BTC & Crypto Market Mirrors Bullishness Post-US Elections

This week, Republican Donald Trump won the U.S. presidential elections 2024, which proved highly bullish for the broader cryptocurrency market.

CoinGape Media reported that BTC scaled a new ATH this week in light of the Republican’s recent win.

Moreover, a total of 242 pro-crypto candidates were elected to the U.S. House of Representatives, while 14 pro-cryptocurrency candidates were elected to the Senate.

Overall, the latest U.S. presidential elections saw a substantial influence due to policies and standings on digital assets, ultimately proving bullish for the broader industry.

Meanwhile, market speculations that the U.S. SEC will drop a majority of the digital asset lawsuits persist in light of the pro-cryptocurrency candidate’s victory.

Furthermore, speculations of SEC chair Gary Gensler’s resignation under Trump’s presidency also persisted across the market this week.

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