Bitcoin hit a record high of $75,000 after Donald Trump defeated Kamala Harris in the presidential race, with expectations of crypto-friendly policies boosting the cryptocurrency’s price. Trump’s victory fueled gains in crypto assets, with investors hopeful for deregulation and tax cuts under his administration. Ethereum surged 8%, Solana jumped 11%, and Dogecoin rose 20%. Stocks linked to crypto rallied in premarket trading. Trump’s plans include a national Bitcoin stockpile and appointing a crypto advisory council, targeting regulatory changes to support the industry.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bitcoin hit a record high of $75,000 after Donald Trump defeated Kamala Harris in the
00:07presidential race, with expectations of crypto-friendly policies boosting the cryptocurrency's price.
00:13Trump's victory fueled gains in crypto assets, with investors hopeful for deregulation
00:18and potential tax cuts under his administration.
00:21Ethereum surged 8%, Solana jumped 11%, and Dogecoin rose 20%.
00:27Stocks linked to crypto rallied in pre-market trading.
00:30Trump's plans include a national Bitcoin stockpile and appointing a crypto
00:34advisory council targeting regulatory changes to support the industry.