The cryptocurrency bitcoin also jumped to a recent high of $738

[xIIImaL]

The shocking news of Donald Trump’s election victory rattled markets across the world, The cryptocurrency bitcoin also jumped to a recent high of $738 overnight, and was trading at around $726 on Wednesday morning according to Coindesk.

[Huge Black Woman]

Such a move probably won't be sustainable,  just like the stock market will need time to sort itself out.  Some stocks did fantastic today, but no one knows how much of a bonehead trump is going to turn out to be.   With his thumb on the nuke button and the keys to the US economic policy,  he could wreck everything.

[unknown04]

Its already down to 715.88.... nothing to see here.... wait a few more months

[Snorek]

The shocking news of Donald Trump’s election victory rattled markets across the world, The cryptocurrency bitcoin also jumped to a recent high of $738 overnight, and was trading at around $726 on Wednesday morning according to Coindesk.

It is not shocking for me. It is the exact same story as we have seen previously with Brexit.
Elites and mainstream media failed to notice how angry and disappointed society is with our current political establishment.
Investors panicked and as expected stock prices are falling down and bitcoin is gaining. It is only temporary though.

[RoommateAgreement]

The shocking news of Donald Trump’s election victory rattled markets across the world, The cryptocurrency bitcoin also jumped to a recent high of $738 overnight, and was trading at around $726 on Wednesday morning according to Coindesk.

this looks like a part of a news article on one of those news site! did you copy paste that? if yes as a courtesy you should always include source

anyways, i think this is mostly hype and less because of anything good.

[~Bitcoin~]

Seems like the support was not that much strong on this pump and price is already falling down from morning constantly we may again see near $700 range for few days, i don't think price can go below $700.

Trump need to announce something that could help bitcoin to see good stable price pump rather than yesterdays quick reaction pump.

[Herbert2020]

Seems like the support was not that much strong on this pump and price is already falling down from morning constantly we may again see near $700 range for few days, i don't think price can go below $700.

Trump need to announce something that could help bitcoin to see good stable price pump rather than yesterdays quick reaction pump.

the rise wasn't really a genuine rise because there is nothing really changed apart from the president of US!! and this has technically nothing to do with bitcoin. which makes this rise most of a hype rise than anything else.
the rise would be big and stay up if we see real support from Trump about bitcoin not just because he said something remotely about bitcoin before the election.
politicians are not known for keeping their words after election

[traderethereum]

maybe the market gets panic when they see that trump has get high vote and finally he can walk into white house and many people get wrong prediction about the election and make the price in the market down.

[1Referee]

maybe the market gets panic when they see that trump has get high vote and finally he can walk into white house and many people get wrong prediction about the election and make the price in the market down.

Nah, it has nothing to do with the elections even though people do get that impression since the price has gone up nearly at the same time it became clear that Trump would win. It's just regular whale play. If you're a trader, then you'll know exactly how to deal with these little jumps as it is easy money.

Looking at the current market, I have to say that it's more likely that we'll return hovering just under and over the $700 level again. Then it's just waiting till some traders get bored and lose their patience where they will start with dumping as result. And perhaps that will be another trigger for panic sellers to go nuts. One thing is sure, whatever direction the price will be heading to this year, there will be plenty of volatility for traders.

[talkbitcoin]

maybe the market gets panic when they see that trump has get high vote and finally he can walk into white house and many people get wrong prediction about the election and make the price in the market down.

Nah, it has nothing to do with the elections even though people do get that impression since the price has gone up nearly at the same time it became clear that Trump would win. It's just regular whale play. If you're a trader, then you'll know exactly how to deal with these little jumps as it is easy money.

Looking at the current market, I have to say that it's more likely that we'll return hovering just under and over the $700 level again. Then it's just waiting till some traders get bored and lose their patience where they will start with dumping as result. And perhaps that will be another trigger for panic sellers to go nuts. One thing is sure, whatever direction the price will be heading to this year, there will be plenty of volatility for traders.

i agree, it has nothing to do with the election and Donald Trump but it is all about the news about election and what Donald Trump may do and help bitcoin. there is  a big difference here.

this is actually the same as the halving hype which happened even before the actual halving! and this is the same on a smaller scale.

[Denker]

The shocking news of Donald Trump’s election victory rattled markets across the world, The cryptocurrency bitcoin also jumped to a recent high of $738 overnight, and was trading at around $726 on Wednesday morning according to Coindesk.

It is not shocking for me. It is the exact same story as we have seen previously with Brexit.
Elites and mainstream media failed to notice how angry and disappointed society is with our current political establishment.
Investors panicked and as expected stock prices are falling down and bitcoin is gaining. It is only temporary though.

You're right.The reactions by media was the same when brexit happened.
I'm pretty sure by the way that politicians and mainstream media know about the situation and the people's disappointment and anger.It's just that they don't care and still think they can do whatever they want.
In terms of price and market reactions we already have seen yesterday that everything had normalized.Mostly all big world stock markets have closed with a profit.
Therefore the media was again overreacting and spreading fud.
BTC back to $712.

[Catmony]

This pump just after Trump get elected wasn't that much strong and price have already started to dump within last 24 hour and it is near $710 already.

[pereira4]

It was as high as 740 in bitcoinwisdom, bitstamp exchange. I think it's going to keep correcting, stabilize around 710, and we will start growing again after people took all the profits from the sudden pump. It will keep going up for the rest of the year then 1000+.

[xIIImaL]

It was as high as 740 in bitcoinwisdom, bitstamp exchange. I think it's going to keep correcting, stabilize around 710, and we will start growing again after people took all the profits from the sudden pump. It will keep going up for the rest of the year then 1000+.

Bros, this information I received from the coindesk notification to email. I want confirm that this is not my speculation according to price and etc... Thank you.

[BitcoinPanther]

This pump just after Trump get elected wasn't that much strong and price have already started to dump within last 24 hour and it is near $710 already.

And I don't think Trump have something to do with the price increase of bitcoin.  It was in that trend even before the start of election.  Funny how people relate certain events that has no actual relationship or impact to bitcoin price.  The decline maybe some correction because in every increase or decrease in price of bitcoin comes the correction phase.

[BingoDog]

I don't beleive that price pump is connected with elections and Trump as a new president. I beleive Bitcoin is stil independent from politics and such things have no impact on it. Or am I wrong? In the next period we will see how all this will or will not reflect the Bitcoin.

[Chin Cheng]

maybe the market gets panic when they see that trump has get high vote and finally he can walk into white house and many people get wrong prediction about the election and make the price in the market down.

the markets crashed when there was a tight match between Hillary and Trump and there was an increase in gold prices but markets have recovered from that ,even bitcoin rose to 750 dollars and now it is trading around 710 dollars.

[Arcteryx]

But was either candidate for bitcoin and promoting it during their campaign speeches or mentioned in any news articles?
I don't thing Trump is because he is from old money that he has had in his family for generations and Clinton is too dumb to know how to use it anyways.