Happy Wednesday! In today's Daily, pro-crypto Donald Trump wins the U.S. presidential election, bitcoin hits a new all-time high above $75,000, DeFi tokens surge and more.
Meanwhile, the crypto community reacts to the "greatest comeback story of all time," as Trump becomes just the second president in U.S. history to win another non-consecutive term in office after Grover Cleveland in 1892.
Let's get started.
Republican Donald Trump has won the U.S. presidential election, defeating his Democrat rival Kamala Harris, according to major media outlets, with four results still to come.
Bitcoin reached a new all-time high above $75,000 as Donald Trump's early lead in the 2024 U.S. presidential race became clear, gaining nearly 10% within 24 hours to reach the milestone.
DeFi tokens also surged after Donald Trump's U.S. presidential victory, with Aave gaining over 26% and Uniswap rising 30%.
Despite the DeFi market's broader rally, there was no such Trump bump for World Liberty Financial's lackluster token sales, with fewer than 100,000 WLFI — less than $1,500 — sold in the past 24 hours.
Analysts at Bernstein said that Donald Trump's victory has shifted crypto's regulatory environment from a headwind to a tailwind, with expectations of a more crypto-friendly SEC and Senate Banking Committee.
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