Bitcoin price hits $75,000 on November 6 amid US election buzz, market reacts to Trump’s strong odds

Bitcoin reached a new record high of $75,011.06 on November 6, jumping by 8.63% in just 24 hours. The rise in Bitcoin’s price was linked to excitement about the US presidential election, especially related to Republican candidate Donald Trump’s growing chances of winning.

Bitcoin started the day strong, rising more than 3% to $70,577 during New York trading hours. This increase followed news and predictions about the election. As Trump’s chances of winning seemed to improve, many traders bought Bitcoin, hoping the uncertainty would push prices higher.