Trump’s Election Win And The Cryptocurrency Markets
Bitcoin surged to a new record high Nov. 6, riding a wave of optimism from investors who view President-elect Donald Trump’s win as a boost for the crypto market.
In early trading, Bitcoin shot up 8 percent, notching a fresh all-time high at over $75,000, shattering its previous record from March. The cryptocurrency held onto most of its gains, reaching a new record high by late afternoon Wednesday, when it topped over $76,000.
Other major cryptocurrencies joined in the rally, including Ethereum, the second-largest digital currency, which jumped 8 percent from Tuesday night through Wednesday morning before gaining another 8.5 percent from Wednesday morning through Thursday afternoon. Dogecoin — frequently…
