Bitcoin surges above $75,000 to record high as crypto investors bet on Trump win

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The story "Bitcoin surges above $75,000 to record high as crypto investors bet on Trump win" was covered 2 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times 2w ago

Bitcoin surges above $75,000 to record high as crypto investors bet on Trump win - Financial Times

Quick Summary:

Shares of Coinbase and crypto miner Core Scientific have risen 13 per cent and 5 per cent, respectively, over the same period.

The decentralised finance platform has said it would “leverage the global reach and recognition of the Trump brand” and has raised $14.7mn from selling tokens that do not offer buyers any ownership stake and cannot be traded.

The world’s biggest cryptocurrency surpassed its previous peak of $73,803.25 in March, following a rally of more than 7 per cent on Tuesday as Trump’s odds of winning improved, according to prediction markets.