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.
