Bitcoin surged to a record high in Asia trading on Wednesday morning as investors backed former President Donald Trump to win the White House.
The cryptocurrency rose 7 percent to more than $75,000. It hit its previous record high of $73,797.68 in March.
If Trump wins, it is expected he will loosen cryptocurrency regulation.
Early results projected a Trump victory in Florida, a one-time battleground that has shifted heavily to Republicans in recent elections. He also notched early wins in reliably Republican states such as Texas, South Carolina and Indiana, while Harris took Democratic strongholds like New York, Massachusetts and Illinois.
More to follow.
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