logo
welcome
markets.businessinsider.com

markets.businessinsider.com

Bitcoin hits a record high on Trump trade rush

markets.businessinsider.com
Summary
Nutrition label

86% Informative

Bitcoin hit a record high ahead of Donald Trump's victory in the US presidential election.

Investors were leaning into the " Trump trade" early Wednesday .

Bitcoin retreated from its record high but was still up almost 7% at about $74,425 as of 7:50 a.m. ET Wednesday .

Other cryptos also gained, including ethereum — up about 9% — and meme coins such as dogecoin.