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Bitcoin leaps to record high as traders lean towards Trump victory

By Thomson Reuters Nov 5, 2024 | 9:15 PM

SINGAPORE (Reuters) – Bitcoin surged to a record high in Asia trade as investors leaned towards Donald Trump winning the U.S. presidency.

The world’s biggest cryptocurrency rose 7% to $75,060, topping March’s peak with the prospect of Donald Trump winning the election seen ushering in a softer line on cryptocurrency regulation.

(Reporting by Tom Westbrook; Editing by Kim Coghill)