After dropping for most of the last seven days, the Bitcoin price started soaring with the start of the US presidential election. The coin reached a resistance at $75k, although it did manage to breach it briefly and hit a new all-time high at $75,361 only several hours ago.
BTC Hits A New All-Time High
The oldest cryptocurrency suffered a small price rejection after hitting the $75k mark, which caused it to drop to $73,000 before bouncing back up. At the time of writing, 9 a.m. EST, the coin is pushing against a smaller resistance at $74.3k.
Bitcoin’s price surged as Donald Trump took the lead in the election, and as the former president managed to stay ahead and end up victorious, the rest of the crypto market joined the rally. In total, BTC surged by over 8% in the last 24 hours, encouraged by Trump’s re-election.
Given the fact that Trump pledged his support for the crypto industry rather openly and directly, even bringing his family firm into the sector, there is little doubt among industry participants that he intends to do right by the sector. As a result, traders and investors across the US started investing with greater optimism, which might end up kickstarting the new year-long rally, which was expected ever since Bitcoin’s block rewards halving in early 2024.
In the meantime, traders and investors can also consider diversifying their portfolios with some new and promising cryptos, such as a meme coin called Flockerz (FLOCK).
JOIN THE FLOCK ICO AND CLAIM YOUR POWER TO CHOOSE
Flockerz Helps You Stay In Control And Rewards You For It
Flockerz is a new meme coin project, currently still in presale, which attracted the attention of the market thanks to its new approach to maintaining decentralization and community interaction. Specifically, it created a new model, likely inspired by the GameFi sector’s Play-To-Earn (P2E).
Flockerz’s version of it is known as Vote-To-Earn (V2E), and it revolves around participation in the project governance. Its idea is to incentivize users to participate in voting by rewarding them with its native FLOCK token, which is currently in presale.
By ensuring that the users get paid for participation, the project also ensures that they won’t lose interest in participating in governance, thus leaving the power to choose in the hands of a small minority. Instead, it maintains decentralization by ensuring that the users will keep coming back and voting for rewards.
BUY FLOCK NOW WHILE ITS PRICE IS LOW
The idea is simple, yet effective, and the project’s ICO raised over $1.2 million in a few weeks since its launch. You can still join its presale and buy FLOCK for only $0.0059571 apiece, using ETH, USDT, BNB, or credit/debit cards.
