Bitcoin surges as Trump clinches victory in US election

Bitcoin surged above a new record high of above $75K as Donald Trump trashed Kamala Harris to emerge as America’s 47th President.

The flagship coin surged over 8 percent in the last 24 hours to reach a new all-time high of about $75,358, before retracing to around $74,461 on Wednesday, November 6, during the early London session.

The total crypto market cap surged over 6 percent to hover about $2.58 trillion at the time of this report.