The Daily: Pro-crypto Donald Trump wins US election, bitcoin hits new all-time high above $75,000 and more
2024-11-07

Happy Wednesday! In today's Daily, pro-crypto Donald Trump wins the U.S. presidential election, bitcoin hits a new all-time high above $75,000, DeFi tokens surge and more.
Meanwhile, the crypto community reacts to the "greatest comeback story of all time," as Trump becomes just the second president in U.S. history to win another non-consecutive term in office after Grover Cleveland in 1892.
Let's get started.
Pro-crypto Donald Trump defeats Kamala Harris in US presidential election
Republican Donald Trump has won the U.S. presidential election, defeating his Democrat rival Kamala Harris, according to major media outlets, with four results still to come.
Bitcoin hits new all-time high above $75,000 amid US election results
Bitcoin reached a new all-time high above $75,000 as Donald Trump's early lead in the 2024 U.S. presidential race became clear, gaining nearly 10% within 24 hours to reach the milestone.
Aave, Uniswap and other DeFi tokens surge after Trump victory
DeFi tokens also surged after Donald Trump's U.S. presidential victory, with Aave gaining over 26% and Uniswap rising 30%.
No Trump bump for World Liberty Financial token sales following presidential win
Despite the DeFi market's broader rally, there was no such Trump bump for World Liberty Financial's lackluster token sales, with fewer than 100,000 WLFI — less than $1,500 — sold in the past 24 hours.
Crypto's regulatory headwind becomes a tailwind under Trump
Analysts at Bernstein said that Donald Trump's victory has shifted crypto's regulatory environment from a headwind to a tailwind, with expectations of a more crypto-friendly SEC and Senate Banking Committee.
In the next 24 hours
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.