Cryptocurrencies Price Prediction: Bitcoin, Shiba Inu & Crypto – European Wrap 6 November


Bitcoin Price Forecast: BTC soars to a new all-time of $75,407 as Trump wins US presidential election

Bitcoin (BTC) soared over 7% to a new all-time high of $75,407 on Wednesday as Donald Trump was elected as the 47th President of the United States, the candidate that was seen as more favorable for crypto markets due to his pro-crypto stances.

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Shiba Inu Price Forecast: Looking at June high as Trump lead in US election propels crypto

Shiba Inu (SHIB) soars more than 7% on Wednesday, following the surge in the main cryptocurrencies, as former President Donald Trump takes a clear lead in the US presidential election. The technical outlook suggests a rally if the meme coin price breaks and closes above a descending trendline, bolstered by a rising long-to-short ratio that reached its highest level since October.

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Crypto euphoria

The cryptocurrency market surged with excitement as its capitalization jumped 7% in just 24 hours, reaching $2.45 trillion and briefly peaking at $2.48 trillion, matching the highs seen in July. Trading volumes since the start of the day were the highest since early August and have a chance of surpassing those levels.


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Bitcoin soars to a new all-time of $75,407 as Trump wins US presidential election

Bitcoin soars to a new all-time of $75,407 as Trump wins US presidential election

Bitcoin soared over 7% to a new all-time high of $75,407 on Wednesday as Donald Trump was elected as the 47th President of the United States, the candidate that was seen as more favorable for crypto markets due to his pro-crypto stances.

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Shiba Inu: Looking at June high as Trump lead in US election propels crypto

Shiba Inu: Looking at June high as Trump lead in US election propels crypto

Shiba Inu’s price rally extends as Donald Trump takes the lead to become the next US president. The meme coin price is close to a descending trendline that, if broken, would signal a further rally ahead.

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BTC breaks all-time high of $73,777 as Trump takes the lead

BTC breaks all-time high of $73,777 as Trump takes the lead

Bitcoin breaks above its all-time high of $73,777 on Wednesday, buoyed by Donald Trump's poll lead. At the same time, Ethereum is nearing its key resistance level, with a strong close above it, potentially signaling upward momentum.

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Bitcoin and crypto market jump following Trump's lead in early election results

Bitcoin and crypto market jump following Trump's lead in early election results

Bitcoin is up 5% in the early Asian session on Wednesday and is fast rising after estimated election results from a few states pour in. According to estimates, Republican candidate Donald Trump has won Florida, Tennessee, Missouri, Alabama and Oklahoma. 

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Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.

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