Bitcoin hits record high as Trump edges closer to full control of Congress

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The story "Bitcoin hits record high as Trump edges closer to full control of Congress" was covered 1 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times 1w ago

Bitcoin hits record high as Trump edges closer to full control of Congress - Financial Times

Quick Summary:

Bitcoin rallied to a previous all-time high of more than $75,000 on Wednesday as it emerged that Trump had won the White House.

Ethereum, the world’s second-largest token after Bitcoin, rose 8.9 per cent to hit $3,200 a coin for the first time since August, while Solana rose 4.5 per cent.

Trump highlighted the merits of Bitcoin throughout his campaign, even promoting a new venture set up by some of his longtime business partners and backed by his sons.