Donald Trump’s historic victory in the 2016 US presidential elections predictably and immediately hammered the value of the dollar on foreign currency exchange markets. But, for cryptocurrencies, the news had an equal and opposite effect.
Coindesk reports the value of Bitcoin started rising steadily as the vote count began. Bitcoin is now trading up 3 per cent on news of the Trump win, with the price of one BTC hitting a high of $740 — up from a high of around $710 yesterday.
Even newbie cryptocurrency Zcash appears to be having a bit of a Trump bump, although trading remains volatile given the new privacy-focused digital currency only launched at the end of last month.
source :https://techcrunch.com/2016/11/09/cryptocurrencies-rise-on-trump-victory/?ncid=rss
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