On November 6, 2024, Bitcoin (BTC) surged past $75,000 as Donald Trump appeared poised for a potential return to the White House, claiming victories in key swing states. This dramatic price increase reflects heightened optimism among crypto investors regarding a more favorable regulatory environment under a Trump administration. The broader digital asset market saw a significant upswing, with the CoinDesk 20 Index increasing over 9%. Major tokens such as Dogecoin (DOGE) and Solana (SOL) also experienced substantial gains. DOGE rose nearly 20% due to notable support from Elon Musk, while SOL's rise was fueled by hopes for a pro-crypto regulatory outlook. MicroStrategy, Coinbase, and several Bitcoin mining firms enjoyed notable gains in their stock prices, suggesting that investors are bullish about a renewed crypto market rally. The yield on the U.S. 10-year Treasury note crept up, indicating concerns about inflation influenced by Trump's policy proposals. The initial market reactions underscore a collective belief that a pro-crypto administration could act as a catalyst for a new bull run in the digital asset landscape.

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