The Bitcoin price reached a new all-time high of $75,358.70 before retracing slightly after major US media outlets declared Donald Trump as the winner of the 2024 presidential election. Some analysts believe that Trump's victory, along with other factors such as spot ETF approvals and the fourth halving, could lead to a strong start for Bitcoin in 2025. However, not all analysts are convinced that Trump will deliver on his promises to support the crypto industry, which could result in market volatility. Crypto betting platform Polymarket accurately predicted Trump's win, leading to celebrations from its CEO about the success of prediction markets over traditional polls.



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