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Bitcoin leaps to record high as traders lean towards Trump victory

Bitcoin surged to a record high of $75,060 during Asia trading, a 7% increase, as investors speculated that a potential victory for Donald Trump in the U.S. presidential election could lead to a more favorable stance on cryptocurrency regulation.

Reuters ECONOMY
Published November 06,2024
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BITCOIN LEAPS TO RECORD HIGH AS TRADERS LEAN TOWARDS TRUMP VICTORY

Bitcoin surged to a record high in Asia trade as investors leaned towards Donald Trump winning the U.S. presidency.

The world's biggest cryptocurrency rose 7% to $75,060, topping March's peak with the prospect of Donald Trump winning the election seen ushering in a softer line on cryptocurrency regulation.