Bitcoin Hits New All-Time Amid US Elections | Key Points | Nov. 06, 2024

GM. Welcome back toย BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s daily recap: Bitcoin price reaches new all-time high as U.S. elections are underway.
Plus the latest crypto news stories in the last 24 hours.
Table of Contents
Market Analysis and Updates ๐
Here are the crypto highlights of the day:
Crypto Price Update
- Bitcoin (BTC): $74,563.31, up 8.7% over the last 24 hours.
- Ethereum (ETH):ย $2,590.26, up 6.6% over the last 24 hours.
- Solana (SOL): $185.15, up 15.3% vs the previous day.
Trending Coins Update
- Peanut the Squirrel: $0.1098, up 203% vs the previous day. (More about this here.)
- MOAI: $0.2570, up 47.1% over the last 24 hours.
- MAGA: $3.73, up 18.2% vs the previous day.
For the daily price update, check out our post onย Facebook.
Feature News: Bitcoin Peaks at $75,000 Amid US Election Fever

Bitcoin has surged to a record-breaking $75,060, surpassing its previous peak from March.
This comes amid mounting interest from institutional investors and heightened activity around the U.S. presidential election.
The numbers:
- Bitcoin price jumped nearly 9% vs the last 24 hours.
- Bitcoinโs value has doubled over the past 12 months.
- The previous peak was $73,780 in March as per Coingecko
What’s happening: There’s no question: with former President Donald Trump leading Vice President Kamala Harris in electoral college votes (198-99), investor optimism surrounding a potential pro-crypto administration has intensified.
Big pictures:
- “Trump trade” effect: Market analysts are noting a “Trump trade” rally in crypto and equities, with many attributing this to Trumpโs pro-crypto stance.
- Prediction markets: Polymarket, a crypto-powered prediction platform, reported over $2 billion in betting volume on the election outcome, with a 97% probability for a Trump victory at the time of this writing.

What’s Next: Analysts suggest the election outcome could further drive volatility in crypto markets especially if Trump maintains the lead.
(Sources: Decrypt and Financial Times)
Philippine Crypto News ๐ต๐ญ

- YGG Play Summit Anichess Online Qualifiers 2 Registration is now open.
- YGG shared the one-week event schedule of the YGG Play Summit.
- Coins.ph announced that it is now part of the Circle Alliance.
Noteworthy ๐
Key updates and announcements from around the crypto and blockchain world:
- Andreessen Horowitz (a16z) committed $23 million to Fairshake PACs for the 2026 midterms to promote pro-crypto legislation.
- The State of Michigan Retirement System disclosed over $10 million in holdings of Grayscaleโs spot Ethereum ETF.
- OpenSea CEO Devin Finzer announced that a new platform, built “from the ground up,” will launch next month.
Educational Corner ๐

- A break from tap tap games, and back to trading; learn how to secure crypto earnings with bonds: A Guide for Investors.
Regulation Watch ๐
Stay informed about the latest regulatory updates and what they mean for you:
- Victory Securities received SFC approval to become the first licensed broker in Hong Kong to launch cash-settled virtual asset structured products for professional investors by year-end.
- Pakistan is proposing amendments to the SBP Act to legalize cryptocurrency.
- Taiwanโs Financial Supervisory Commission (FSC) will implement stricter regulations for crypto exchanges starting January 2025.
Community Spotlight ๐ฆ

Meet Gilbert Lazaro: He is a known content creator on trading and cryptocurrencies.
- He is widely known as Tito Vlogs, the name of his Youtube channel.
- Lazaro has over 15 years in trading, covering traditional stock markets and cryptocurrencies.
- He is the Founder of 8Chain.
- In 2022, he participated in the crypto debate โBull or Bear.โ
- Recently, theย first-ever BitBulaga IRL event happened and Lazaro is one of the speakers.
More Web3 and AI News ๐ก
Discover the latest in web3 and AI innovation.
- Citi and Fidelity unveiled a proof-of-concept for an on-chain money market fund at the Singapore FinTech Festival.
- Curve Finance and TON are partnering to advance DeFi on the TON blockchain in 2025.
- BitGPT launched its AI-driven Web3 platform at Binance Blockchain Week in Dubai.
Web3 Gaming Section ๐ฎ
The future of web3 is gaming, and here are the latest news.
- Tomarket has reinstated airdrop eligibility for many players initially banned for alleged cheating.
- ZKcandy, a Layer-2 gaming platform, made a strategic investment in Kroma Network to support its expansion in the web3 gaming sector.
- Crystalfall, a steampunk RPG from Crypto Rogue Games, will have its open beta on December 13th on Epic Game Store.
Event Announcements ๐
Donโt Miss Out: Upcoming events, webinars, and meetups in the crypto space!
- PH Startup Week: November 11. 2024
- Manila Bootcamp | Hackers League Hackathon: November 15, 2024
- YGG Play Summit: November 19-23, 2024
- Base Manila Meetup: November 20, 2024
- Aptos After Dark: November 20, 2024
Stay Connected:
- Follow us on Twitter ๐ฆ
- Check us out on Facebook!
- Join our Telegram group for real-time discussions!
Weโd love to hear from you! Reply with your thoughts or questions.
This article is published on BitPinas: Bitcoin Hits New All-Time Amid US Elections | Key Points | Nov. 06, 2024