The crypto markets’ response to the U.S. election results + MORE Nov 6th

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The crypto markets’ response to the U.S. election resultsThe price of bitcoin hit a new high Wednesday as investors bet that former President Donald Trump’s victory in the U.S. presidential election will be a boon for cryptocurrencies.

How did bitcoin investors respond to the presidential election?

Bitcoin jumped nearly 8% in early trading, climbing above $75,000 and smashing its previous record set in March. Other cryptocurrencies also soared, including ether, the world’s second most popular cryptocurrency after bitcoin, which rallied 8%.

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