Bitcoin Hits New Record Above $75,000, DOGE Surges 30%, As Trump Prevails

Bitcoin surged to a new record high of $75,000 on cryptocurrency exchanges Binance, Coinbase and others on Wednesday morning in Asia as election results favored crypto-friendly Republican candidate Donald Trump.
BTC is up 9% in the past 24 hours, and has surged in the past two hours alongside Trump’s odds on Polymarket, where players now give him an 85% chance of winning the US Presidential election.

Most crypto traders see Trump’s victory as bullish for the market over Democrat Kamala Harris, who is not seen as too crypto-friendly.
Meanwhile, DOGE also increased by nearly 30% in the past 24 hours, extending its 30-day gain to over 83%, becoming the best performing token in the top 10.

The reason DOGE is increasing in price is said to be because Elon Musk has strongly supported  Donald Trump.
The bullish sentiment towards DOGE is showing signs of spreading to dog-themed tokens, with Shiba Inu (SHIB), Floki (FLOKI), and Bonk (BONK) surging more than 10%.
Early Foxnews trends show Trump winning Kentucky, Florida, West Virginia and four other electoral college votes, far outpacing his opponent Kamala Harris. At the time of writing, Trump leads by 216 to Harris’ 193.