Bitcoin Surpasses $75,000

Bitcoin (BTC) hit an all-time high during early European trading as Donald Trump made significant strides towards winning the U.S. presidential election. The pro-cryptocurrency candidate secured victories in essential states such as North Carolina and Georgia. Pennsylvania, seen as pivotal for the election outcome, also showed favorable results for him. BTC is recently trading above $74,000, demonstrating a remarkable 1.3% drop from its peak of $75,363.66.

Market Overview

The digital asset market, represented by the CoinDesk 20 Index, has risen over 9% in the past 24 hours.

Notable Gains in the Crypto Sector

In a parallel rally, the majority of major tokens experience a spike:

• DOGE surged over 25%, nearly reaching $0.22, thanks to support from Elon Musk's advocacy.
• SOL gained around 20%, hitting a high of $188.30, amid hopes of the approval for a Solana ETF.

Impact on Crypto Equities

The prospect of Trump's election impacted crypto equities positively, with MicroStrategy and Coinbase both climbing more than 12% in pre-market trading. Bitcoin miners such as Riot and Marathon also experienced gains exceeding 10%.

Economic Indicators

The yield on the U.S. 10-year Treasury note rose by 20 basis points to 4.47%, indicating rising inflation concerns amid potential tariffs promised by Trump.

This article encapsulates the latest market moves contextually linked with the forthcoming elections and crypto movements.