Bitcoin has surged to an all-time high of US$74,505 (AU$114,225) as Donald Trump appears to solidify his position as the successful candidate in the US presidential election. This historic price surpasses Bitcoin’s previous record of US$73,777, with the digital currency rallying sharply in response to Trump’s momentum in the vote count.
The cryptocurrency market has shown a strong response to Trump’s gains, with investors seeing Bitcoin as a hedge against potential economic instability and inflation. As traders move their capital toward this decentralized asset, Bitcoin’s meteoric rise highlights its growing appeal as an alternative store of value.
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