Cryptocurrency markets are trading higher as Donald Trump secured a second term in the presidential election.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 14.5% and daily active addresses falling by 4.4%. Transactions greater than $100,000 are up from 8,295 to 9,141 in a single day. Exchanges netflows are down by 171.8%.
• Coinglass data reports 128,336 traders were liquidated in the past 24 hours for $581.68 million. Crypto short liquidations of $369.8 million peaked to the highest level in more than a year.

Notable Developments:

Top Gainers:

Trader Notes: With Bitcoin prices touching its new all-time high levels, crypto trader Jelle noted that Bitcoin broke out:

CryptoCon predicts a Bitcoin bull market is locked and loaded for 2025:

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next: 

• The Future Of Crypto Regulation Under A Trump Administration: ‘Headwinds Are Now Tailwinds’

Image: Shutterstock