Investing.com– Bitcoin surged to a record high on Wednesday as early vote counting showed Donald Trump well ahead in the 2024 presidential elections, boosting hopes for more friendly regulation.
The surged nearly 10% to a record high of $75,071.8.
Broader crypto prices also rallied, with world no.2 crypto rising 9.1% to $2,622.90. Meme token surged 23%, amid speculation that Elon Musk had referenced the token during recent campaigning for Trump.
Trump leads Harris with key swing state wins
Crypto prices shot up as vote counting as of 01:14 ET (06:14 GMT) showed Trump in the lead with 247 electoral votes, while Kamala Harris held 210 votes.
Coverage by the Associated Press showed Trump won key battleground states North Carolina and Georgia, and was leading in other swing states including Pennsylvania, Arizona, Nevada and Wisconsin.
The Republican party won a majority in the Senate, and was also seen leading in the House of Representatives. A Republican sweep in Congress presents a clear path for Trump to enact major policy changes.
Crypto markets cheered the prospect of a Trump presidency, given that he has maintained a largely pro-crypto stance in campaigning, and has…
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