Key Takeaways The cryptocurrency industry bet big on the election of Donald Trump, and crypto-assets have rallied in the days since he secured a second term in the White House. The industry spent hundreds of millions on advertising and donations to pro-crypto candidates and groups during the 2024 election cycle.

Bitcoin touched $93,400 at its peak, before settling around $90,000 as traders monitored its path toward the significant $100,000 level.