Bitcoin price hits new high on anticipated Trump victory
Crypto markets roared on Tuesday night as investors, anticipating a victory for Donald Trump, sent the price of Bitcoin towards $75,000. That amounts to an all time for the original cryptocurrency, which hit $73,000 in March, but has since traded below that in part due to uncertainty about the outcome of the U.S. presidential race.
Trump and the Republican party fully embraced crypto in the summer, resulting in massive financial support from the industry, which had chafed against the more restrictive policies of the Biden administration.
Crypto boosters gleefully took to social media on Tuesday night to hail the price surge and to predict the imminent departure of the Democrat-appointed Chair of the Securities and Exchange…
