Bitcoin surged to a new all-time high on Wednesday, crossing the $75,000 mark after early US presidential election exit polls suggested a slight edge for Republican candidate Donald Trump, SİA reports citing The Economic Times.
The leading cryptocurrency surpassed its previous high of $73,750, reflecting a strong positive response from the market.
According to media reports, Trump won eight states, while Harris secured three states and Washington, D.C. The election remains tight, with the final outcome likely to hinge on seven swing states.
As of 8:50 am IST, Bitcoin was trading 8.4% higher at $75,060. Ether also saw gains, rising 7.2% to $2,576. Trump’s perceived favorability toward cryptocurrencies compared to Harris may have contributed to the market’s bullish sentiment.
Following Trump’s early gains in exit polls, the dollar index—which measures the US dollar against six major peers, including the euro and yen—rose 1.25% to 104.72.
Analysts generally assume that Trump's plans for restricted immigration, tax cuts, and sweeping tariffs, if enacted, would put more upward pressure on inflation and bond yields than Harris' center-left policies.
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