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Bitcoin Hits All-Time High as Trump Wins Election, SEC Chairman Faces Dismissal

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(03:30 AM UTC)
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According to recent data from TradingView, Bitcoin has reached a new all-time high following the election victory of Donald Trump. This surge in Bitcoin’s price is echoed across the market, with numerous altcoins experiencing significant gains. However, it’s noteworthy that Bitcoin’s dominance has seen a decline, with its dominance index (BTC.D) falling by over 2% in the last eight hours, now calculated at 59.77%. This shift suggests a growing diversification among crypto investors, who may be seeking opportunities beyond Bitcoin. Furthermore, it has been reported that Trump plans to remove SEC Chairman Gary Gensler on his first day in office, which could have implications for the regulatory landscape affecting cryptocurrencies. As the market reacts to this political shift, investors are advised to stay informed of potential changes in regulatory policies that could influence market dynamics.

Sheila Belson

Sheila Belson

Sheila Belson is a 20-year-old financial content editor who ventured into the realm of cryptocurrencies in 2023. Enthralled by the innovative world of non-fungible tokens (NFTs), she harbours a profound affection for Ethereum. With a sharp eye for detail, Sheila skillfully navigates the dynamic crypto landscape, continuously seeking to enrich her understanding and share her passion through engaging and insightful content.
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    Bitcoin Hits All-Time High as Trump Wins Election, SEC Chairman Faces Dismissal - COINOTAG