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Your guide to what the 2024 US election means for Washington and the world

Bitcoin surged to a record high on Wednesday as crypto investors celebrated the election victory of Donald Trump, who has pledged to make the US “the bitcoin superpower of the world”.

The world’s biggest cryptocurrency rallied more than 7 per cent to an all-time high of $75,389 as Trump won the race to the White House. The milestone surpasses the previous peak of $73,803.25, set in March, and lifted the prices of a host of other cryptocurrencies.

Senior crypto executives welcomed Trump’s decisive victory and a potential Republican “clean sweep” of US Congress as a chance to shift attitudes towards the…