Bitcoin soared to a new all-time high on Wednesday, breaking past $75,000 as traders predicted Republican candidate Donald Trump might win the U.S. presidential election. Trump, known for his billionaire status, is generally viewed as a supporter of cryptocurrencies.
At around 3:00 GMT, Bitcoin hit $75,005.08, surpassing its earlier record of $73,797.98, which was set in March.
In the meantime, the U.S. dollar also experienced a significant rise, climbing over 1.5% against both the yen and the euro during Asian trading on Wednesday. This increase was fueled by expectations that Trump could win.
At 3:00 GMT, the dollar rose 1.71% against the Japanese yen, reaching 154.21 yen per dollar, and gained 1.67% against the euro, trading at 0.9302 euros per dollar.
