Source: Bloomberg
“Bitcoin jumped to a record high, part of a wave of trades across global markets in response to Republican nominee Donald Trump’s push toward victory over Democratic rival Kamala Harris in the US presidential election. The largest digital asset rose as much as 9% to $75,372, before changing hands at $73,620 as of 7:53 a.m. Wednesday in London. The last peak was in March, when investors were cheered by inflows into US Bitcoin exchange-traded funds. … Bitcoin is viewed by many as a so-called Trump trade because the former president embraced digital assets during his campaign after a major push by the industry.” (11/06/24)