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

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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Nikou Asgari

Category: MarketsFinanceInvesting

Markets: United StatesGeorgia

Topics: Election Venture Cent Cryptocurrency Financial Market Tuesday Crypto Trump Bitcoin Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 03:58:39 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 610 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Financial Times

News ID: 23440938

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 14 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions