Bitcoin breaks all-time high after Trump wins!

Trump made a stunning political comeback on Wednesday, retaking the U.S. presidency with a decisive victory that exceeded expectations and defied poll predictions.

Trump received 270 electoral votes, while Harris received 213. He successfully recaptured states he lost in 2020 and won over more young voters.

Trump's victory makes him one of the few presidents to be re-elected, behind only Grover Cleveland, who also managed to win a non-consecutive second term after losing re-election. While his victory is a testament to his political resilience, it also highlights significant failings within the Democratic Party.

However, a second Trump presidency could bring economic uncertainty, including a potential trade war over tariffs and tax cuts that could benefit high earners and businesses.

However, for the crypto community, the atmosphere is completely different. Crypto markets have seen significant gains as Trump returns to the presidency as the "self-proclaimed crypto president." Bitcoin, in particular, surged above $75,000 on Wednesday, marking a new rally for the digital asset.

Risk-on sentiment quickly shifted toward the memecoin space, with micro- to small-cap tokens attracting the attention of new investors. PopCat ($POPCAT) is up 16.53%, Mog Coin ($MOG) is up 10.05%, Floki ($FLOKI) is up 10.71%, and Bonk ($BONK) is up 14.95%. Even larger meme coins like Dogecoin ($DOGE) are seeing a solid 17.82% rise.