Bitcoin surges after Trump win – Economy Now

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Register for Digital Currency Bitcoin Its price surged on Tuesday night, hitting a new record of $75,000, surpassing the previous record of $73,000 set in March last year. It comes as the results of the primary election are about to come out.

Cryptocurrency gains have been aided by widespread optimism in the investment community about Trump’s rise, with one cryptocurrency-based betting site predicting that the odds of a Trump victory would rise to 90%, boosting digital currency investors’ confidence in the possibility .

Cryptocurrency supporters believe that Trump could be a positive turning point for the digital currency industry, as his expected policies include easing regulatory pressure on cryptocurrency companies, and he mentioned during the campaign that he is committed to making the United States “the cryptocurrency of the world.” capital”. world. “

In addition to the rise in Bitcoin, the U.S. dollar also rose sharply against major currencies such as the yen and the euro. The U.S. dollar rose 1.71% against the yen to 154.21 yen and 1.67% against the euro to 0.9302. As traders are optimistic about Trump’s victory in the presidential election As expected, the euro rose against the dollar.

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