The post Bitcoin Reaches Historic High of $75,000 Amid U.S. Election Economic Shifts appeared on BitcoinEthereumNews.com.

On November 6th, COINOTAG News reported insights from QCP Capital regarding the U.S. election’s impact on financial markets. Following market anticipations of enhanced economic expansion and elevated fiscal policies, the U.S. dollar experienced a significant appreciation, peaking at **105** in July—a **1.2%** increase. Concurrently, the yield on the **10-year U.S. Treasury bond** advanced by **15 basis points**, while the **2-year Treasury yield** climbed by **8 basis points**, signaling amplified investor confidence in the economy. Although the prospect of a Federal Reserve rate cut diminished amid proposed business-friendly measures, forecasts indicate a potential for **1.8 rate cuts** by the end of this year and an additional **three next year**. Meanwhile, the cryptocurrency sector is witnessing noteworthy momentum, as Bitcoin’s (BTC) market capitalization surged to a monumental **$75,000**, setting a new performance benchmark. Historical patterns show BTC has consistently reached heights post-election cycles, suggesting enduring bullish trends through **2025**. Don’t forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news. Source: https://en.coinotag.com/bitcoin-reaches-historic-high-of-75000-amid-u-s-election-economic-shifts/

---

Filed under: News - @ November 6, 2024 1:25 pm