The cryptocurrency market is experiencing significant gains following Donald Trump's victory in the 2024 US presidential elections. Bitcoin (BTC) reached a new peak at over $77,000, while Ethereum (ETH) is approaching $3,000. A whale on the BitMEX exchange was caught off guard by these price increases and suffered a loss of approximately $23 million after shorting Ethereum. Overall, the market has seen over $260 million in liquidations and more than 90,000 over-leveraged traders have been affected.



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