According to statistics from multiple authoritative American media outlets, Republican presidential candidate Donald Trump has surpassed the 270 votes needed to win in the 2024 US presidential election, opening his second presidential term. Billionaire Musk celebrated wildly on social media. He appeared in person to make a speech, announcing the election victory in advance. On Wednesday, November 6th, the US dollar and Bitcoin emerged as big winners in the market, while gold fell as a casualty, with gold prices plummeting to $2702. #Latest Bitcoin News#

Trump declares victory early.

Local time on the early morning of November 6th, Trump appeared at the Palm Beach Convention Center in Florida to make a speech and declared victory early. Trump's supporters gathered and entered the venue. Meanwhile, Democratic presidential candidate and Vice President Harris canceled her plan to speak in Washington that evening. #US Election#

(Source: Youtube)

Bloomberg reported that he celebrated the Republican Party's win in the Senate, claiming that the Republicans also won the House of Representatives, although many campaign races must still be decided before determining control of the House.

Trump promised to fight for the American people with all his might every day in the future until a strong, safe, and prosperous America is built, otherwise he will never rest.

He stated that this is America's golden age and pledged to make America great again (MAGA), then thanked his wife Melania Trump and other family members. Subsequently, he introduced his deputy, Ohio Senator JD Vance to voters. Vance gave a speech, thanking Trump for inviting him to participate in this campaign and promising to help more people's dreams come true.

Donald Trump entered the White House for the second time, becoming the first president to lose the throne of the White House in over 120 years since President Grover Cleveland in 1892, then stage a comeback and win re-election.

US media election results: Trump surpasses the 270 electoral vote threshold for victory.

Fox News

(Source: Fox News)

Decision Desk HQ (DDHQ)

(Source: DDHQ)

In the United States presidential election, the electoral college system is adopted, with 50 states allocating electoral votes based on population proportion. Winning at least 270 out of 538 electoral votes is required to win and be elected as the next President of the United States.

Reuters reported that according to Fox News results, Trump will defeat Harris and win the 2024 presidential election, marking an astonishing comeback to the political arena four years after leaving the White House. On Wednesday morning local time, he told cheering supporters at the Palm Beach County Convention Center, "The United States has given us unprecedented, strong authorization."

(Source: Reuters)

Other news media have not yet announced Trump's victory, but the Edison Research company stated that after winning battleground states like Pennsylvania, North Carolina, and Georgia, and maintaining a lead in four other states, Trump appears to be close to victory.

The American Decision Desk Headquarters has also announced that Trump has surpassed the 270 vote threshold for victory.

According to the Associated Press forecast, Trump won the key swing states of Georgia and Pennsylvania. He also won the second congressional district in Maine and the first congressional district in Nebraska; these are the only states that do not follow a winner-takes-all system to allocate electoral votes. Harris won New Hampshire.

By winning Georgia and Pennsylvania, Trump reversed the situation in the two states where he lost to President Biden in 2020 but won during his first presidential campaign in 2016. The outcomes in Arizona, Michigan, Nevada, and Wisconsin are still undecided. Trump only needs to win one state to take over the White House.

Harris did not speak to the supporters gathered at her alma mater, Howard University. Her campaign co-chair, Cedric Richmond, spoke briefly to the crowd after midnight, stating that Harris would deliver a public speech later on Wednesday night. He said, 'We still have votes to count.'

Trump has shown strength across the nation in various regions, from rural areas to city centers, and his performance in 2020 has improved. The Republican Party won a majority in the U.S. Senate after claiming Democratic seats in West Virginia and Ohio. Currently, the Republicans hold a slight majority in the House of Representatives, with neither party having a clear advantage in the struggle for control.

There has been a significant shift compared to January 6, 2021, when many critics claimed that his political career was over. On that day, his supporters stormed the Capitol in an attempt to overturn the results of the 2020 election. According to an Edison County poll, Trump gained more support from Hispanic voters, traditional Democratic voters, and low-income families who have felt the impact of rising prices since the last presidential election in 2020.

Trump won the support of 45% of Hispanic voters nationwide, trailing behind Harris's 53%, but showing a 13% increase from 2020.

Polls show that about 31% of voters say the economy is their top concern, with 79% voting for Trump by a margin of 79% to 20%. Approximately 45% of voters nationwide say their family's economic situation is worse than four years ago, and they support Trump by an 80% to 17% margin.

At the age of 78, Trump, if elected in early 2025, will become the oldest presidential candidate in American history, surpassing Biden, who was elected in 2020, and he would become the second non-consecutive president in U.S. history, with his term limited by the 22nd Amendment, meaning he cannot seek re-election in 2028.

Musk eagerly posted on social media celebrating his 'appearance' at the White House, grabbing attention.

Musk has clearly expressed his support for Trump, and after the latter's victory, he is likely to be invited to lead the establishment of the Department of Government Efficiency (D.O.G.E), overseeing the implementation of reforms in government spending audits. With the department's abbreviation as D.O.G.E, Musk also posted a picture once in support of dogecoin.

(Source: Twitter)

During the "Red Tide" of Trump, dogecoin once surged by over 30% in a single day, breaking through the important $0.2000 mark, but then quickly fell back to $0.1895.

(Dogecoin daily chart, Source: FX168)

Musk posted a photoshopped picture of himself entering the White House with a washbasin, captioned "let it sink", seemingly indicating that the Trump team is preparing to take over the White House.

(Source: Twitter)

He also emphasized later: "The future will be very exciting."

(Source: Twitter)

"Trump trade" wakes up the market: USD, Bitcoin are big winners, while Gold sharply falls below 2700 at risk.

"Trump trade" was dominant during Wednesday's Asia session, with the US Dollar Index and Bitcoin emerging as the most prominent big winners. Trump previously advocated a "strong dollar" policy, promised to establish a Bitcoin national reserve after winning the election, supported cryptocurrency mining and related industries, and reduced the sentence for important leaders in the coin circle, resulting in a dramatic increase in intraday trading. Bitcoin successfully broke the previous high of $73,776, reaching a peak of $75,407, but then the price slightly retreated.

(Bitcoin daily chart, Source: FX168)

Gold became a sacrificial victim, with the price dropping below $2700 in the late Asian session, hitting a low of $2702, then rebounding to the level of $2722.

(Gold daily chart, Source: FX168)

USD has been the big winner in Trump's trading after Bitcoin, reaching a high of 105.31 in the Asian session. After Trump declared victory, it slightly fell to 104.75 and fluctuated.

(USD index daily chart, Source: FX168)

The cryptocurrency community cheered enthusiastically, congratulating each other on social platforms because Trump's election victory signifies the likely end of the Democratic Party's long-term suppression of cryptos. With Republican Bernie Moreno defeating Sherrod Brown in Ohio, this could mean cryptos will strengthen once again. Brown has long criticized the crypto industry and questioned its legitimacy. Meanwhile, after establishing a series of car dealerships, Moreno founded a blockchain-based company to digitize car ownership.

Former richest Chinese, Binance founder Zhao Changpeng, at this crucial moment, wrote on Twitter, "GM." This is a greeting phrase in the crypto community meaning Good Morning, seemingly signaling his return. Despite reaching a plea agreement with the U.S. Department of Justice, Zhao Changpeng and Binance are still facing a lawsuit from the U.S. Securities and Exchange Commission (SEC). Trump's return may change this situation.

(Source: Twitter)

After the news of Trump winning the election in Pennsylvania came out, the US Treasury bond yields continued to rise. The rising yields supported the US dollar index to rise by 1.5% during the Asian trading session.

As Donald Trump gave a speech, the situation for the commodity market that day became clear: due to the strengthening of the US dollar, commodity prices fell.

Oil, copper, and soybeans have all fallen, as well as gold and silver. European and American traders will decide whether the SSE Conglomerates Index has bottomed out on this trading day, or if it will further weaken.

S&P 500 futures continued to rise, up 2%, while Nasdaq futures rose by 1.7%.

Further reading on the U.S. presidential election:

Trump won! The US Decision Desk Headquarters announced the "Second Victory". The dollar and bitcoin soared, while gold plummeted rapidly by 2710 points.