Even though the cryptocurrency market was sluggish and heading towards decline in the morning, it started gaining momentum since the voting took place. Since then the cryptocurrency market also progressed at its own pace. The world’s largest cryptocurrency Bitcoin is seeing a rise of three and a half to 4 percent. At the same time, Ethereum is also seeing an increase of more than one percent. There has been an increase of more than 11 percent in the prices of Dogecoin and an increase of more than 8 percent in the prices of Shib Inu.
Now the biggest question is, where is this boom in the cryptocurrency market pointing? Is this not connected to the American Presidential Elections? If yes, then isn’t the crypto market pointing towards Donald Trump becoming President? The cryptocurrencies we have mentioned above. The world’s richest businessman Elon Musk has a significant holding in all of them. Not only America but every child of the world knows that Elon Musk is not openly supporting Donald Trump. Rather, he has opened his entire treasury for them. In such a situation, the boom in the cryptocurrency market is clearly indicating that Donald Trump may once again come to power in America.
Crypto market is buzzing
If we talk about the prices of cryptocurrencies, there is a rise in all of them. The world’s largest cryptocurrency Bitcoin has seen an increase of up to 4 percent and has even crossed the level of 72 thousand dollars during the trading session. Ethereum is the second largest cryptocurrency in the world. During the trading session, it has seen a rise of more than 2 percent and is trading at $2,456.72. Dogecoin is also one of the top 10 cryptocurrencies in the world. In this too an increase of more than 12 percent has been seen. The prices have reached $0.17715240. An increase of more than 8 percent has been seen in the prices of Shiba Inu and the prices have reached $0.17715240. According to Coin Market data, the global cryptocurrency market has seen an increase of 5.61 percent in the last 24 hours and the total market cap has reached $2.33 trillion.
How much holding does Elon Musk have?
The world’s richest businessman Elon Musk has significant holdings of Bitcoin, Ethereum, Dogecoin and Shibuyin. Elon Musk is considered a great crypto lover. According to foreign media reports, according to the filing of the year 2022, Elon Musk has invested $ 140 million in the world’s largest cryptocurrency. This investment was made through Tesla. On the other hand, he has also invested in Ethereum and Dogecoin. Information about whose value could not be found. If Donald Trump becomes the President of America, we may see further growth in the cryptocurrency market in the coming days. Bitcoin prices can also cross the record level of 75 thousand dollars.
Claim to make America the crypto capital of the world
On the other hand, Donald Trump has claimed in his election rally to make America a crypto capital. During his entire election campaign, he tried to attract those youth and people who invest in cryptocurrency, but due to the policy of the current Democratic government, he is not able to do so. Donald Trump himself is a cryptolover. Currently, the number of people investing in cryptocurrencies in America is 5.29 crores who have invested in cryptocurrencies in the year 2023, out of the total population of the country of 34 crores. This means that about 16 percent of the total population has invested in cryptocurrency. Which is a large population in terms of voters.
