Bitcoin hits record price after Trump takes early lead in US election

Quick Summary:

The original cryptocurrency jumped past US$75,000 on Tuesday night in the US, topping a record set in March.

Dogecoin, the so-called memecoin also known as Doge that’s been promoted by Trump supporter Elon Musk, surged 18 per cent.“Doge, because of its association with Musk, has been a particular beneficiary,” said Cosmo Jiang, general partner at crypto-focused investment firm Pantera.

It’s relatively liquid and very tied to the outcome.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongGeorgia

Topics: Election It’s Bitcoin Supporter Trump Tied Cent Increases Record States Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 12:01:22 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 257 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23440789

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