Cryptocurrency Price Today (November 6): Donald Trump’s US Election Rally Drives Bitcoin Close To All-Time High Of $75,000
Cryptocurrency price on November 6 quick take: The global market cap rose to $2.47 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, is riding Donald Trump’s potential US Presidential Election win to go past its all-time high mark today. At the time of writing, BTC price remained around $74,721, as per CoinMarketCat, inching closer to the much-awaited $75,000 mark. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 54 (Neutral) out of 100, as per CoinMarketCap data. GOAT became the biggest gainer, with a 24-hour jump of over 50 percent. Monero (XMR) became the biggest loser for the second consecutive day, with a 24-hour loss of nearly 1 percent.
The global crypto market cap stood at $2.47 trillion at the time of writing, registering a 24-hour jump of 10.75 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $74,843.31, registering a 24-hour gain of 9.15 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 57.92 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,591.99, marking a 24-hour gain of 6.84 percent at the time of writing. Ethereum price in India stood at Rs 2.07 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 29.43 percent, as per CoinMarketCap data, currently priced at $0.2082. Dogecoin price in India stood at Rs 12.66.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 5.33 percent. At the time of writing, it was trading at $70.05. LTC price in India stood at Rs 5,943.60.
Ripple (XRP) Price Today
XRP price stood at $0.5335, seeing a 24-hour jump of 5.20 percent. Ripple price in India stood at Rs 42.48.
Solana (SOL) Price Today
Solana price stood at $186.57, marking a 24-hour gain of 16.54 percent. SOL price in India stood at Rs 13,625.79.
Top Crypto Gainers Today (November 6)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Goatseus Maximus (GOAT)
Price: $0.7142
24-hour gain: 51.54 percent
Dogecoin (DOGE)
Price: $0.212
24-hour gain: 31.18 percent
dogwifhat (WIF)
Price: $2.41
24-hour gain: 22.10 percent
Bonk (BONK)
Price: $0.00002206
24-hour gain: 21.43 percent
Sui (SUI)
Price: $2.28
24-hour gain: 21.20 percent
Top Crypto Losers Today (November 6)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Monero (XMR)
Price: $159.26
24-hour loss: 0.36 percent
Tron (TRX)
Price: $0.1624
24-hour loss: 0.06 percent
UNUS SED LEO (LEO)
Price: $6.05
24-hour loss: 0.01 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “The crypto market experienced a major rally across the board. Bitcoin saw an over 6% rise a day ahead of the election results as Donald Trump took an early lead. Currently trading at $72,900, BTC is on track for a post-election breakout as observed during the previous elections. Other coins like Ethereum, Solana and BNB also raised as much as 10%. At present, BTC faces resistance at the one-month high of $73,500 while the support remains at $67,700. With BTC just 1.2% away from the ATH, the election outcome could be key to sustaining the rally.”
CoinSwitch Markets Desk noted, “Bitcoin hit a fresh all-time high above $75,000, climbing 9.2% over the past 24 hours, with a sharp rally in the early morning as favorable election results for Donald Trump rolled in. His growing odds of winning, now at 85% on Polymarket, have bolstered optimism among crypto traders who consider him a more industry-friendly option compared to Kamala Harris. The price surge was partly fueled by $94 million worth of short liquidations, and a notable premium for BTC on Coinbase suggests increased demand in the US.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin hit a new all-time high of $74,400, surpassing its previous peak of $73,750 in March 2024. The rise is being fueled by a combination of institutional investment, including major players such as Metaplanet, and growing retail interest, as indicated by increased Google Search and a shift to "extreme greed" on the Fear and Greed Index. Analysts point to a growing "Trump trade" narrative with a potential Trump victory seen as favourable for crypto, along with bullish market conditions in the fourth quarter. This rally is expected to drive altcoin prices higher, as Bitcoin's momentum often affects the broader cryptocurrency market.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin reached a new all-time high today over $75,000, marking a significant surge of 9.14% in the last 24 hours. This surge is largely attributed to early election results showing Donald Trump leading in key states, generating curiosity among crypto investors who view him as a pro-crypto candidate. As investors reacted positively to the news, BTC’s price increased rapidly, surpassing the previous high of $73,800 set in March. The positive sentiment surrounding Trump's potential return has boosted Bitcoin and positively impacted the broader cryptocurrency market, with other digital assets like Ether and Dogecoin experiencing notable gains. Continued political developments and regulatory discussions will likely influence market dynamics as investor enthusiasm remains high.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin’s recent surge to a record high of $73,770 is a strong indicator of the confidence investors have in its resilience, especially amid current political and economic uncertainties. The U.S. presidential election has historically created market volatility, and this year is no exception. Many are now looking to Bitcoin as an alternative asset to hedge against traditional market fluctuations, especially as we anticipate the election results, which have the potential to shift financial landscapes.”
Sumit Gupta, Co-founder, CoinDCX, told ABP Live, “Bitcoin has surged past $73,750, setting a new all-time high above $74,000. The crypto market is entering historic territory as U.S. election results unfold, with both presidential candidates expressing support for crypto. Historically, U.S. elections have often served as catalysts for significant price movement. Since its inception in 2009, Bitcoin has navigated three election cycles, each followed by a rally to new heights, with prices never returning to pre-election levels. While these gains have moderated over time, Bitcoin’s consistent upward trajectory underscores its resilience and enduring appeal as a long-term asset. This momentum has also sparked double-digit gains across altcoins, highlighting the broader market's strength.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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