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BITCOIN has rocketed to an all-time high as Donald Trump edges towards a return to the White House.
The cryptocurrency crossed $75,000 for the first time ever as the ex-president took the lead against rival Kamala Harris.
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As investors leaned towards a Trump victory, the world’s biggest cryptocurrency rose seven per cent to $75,060 – topping March’s peak.
Trump has become an ally of crytotraders, and counts Elon Musk among his friends.
In September, he championed crypto as his latest business venture.
He wrote on X: “Crypto is one of those things we have to do.
“Whether we like it or not, I have to do it.”
Although more than ten results – including many swing states – are yet to be announced and the race remained too early to call, financial markets began moving in the Asia session to price a victory for the former president.
Matthew Dibb, chief investment officer at cryptocurrency asset manager Astronaut Capital, said: “(A) Democrat win would have felt like a short term nail in the coffin.
“Probably not the case long term but the market is placing high importance on it.”
Smaller cryptocurrency ether also jumped 7.5 per cent but at $2,593 remained well below its 2021 high of $4,867.
Trump is projected to have taken North Carolina and its 16 electoral college votes – an invaluable step in winning a return to the White House.
He has now taken a clear lead over Harris as he also swept to victory in his stronghold ruby-red states.
The mood has changed in the two camps – with reports of “silence” at the Democrat’s campaign HQ, while there has been a party atmosphere at the Republican’s beloved resort Mar-a-Lago.
But all eyes remain on the other six knife-edge swing states.
Georgia, Pennsylvania, Michigan, Wisconsin, Arizona and Nevada are all still to play for – and could offer Harris a path.
The next call in these key states could come from Georgia which also offers 16 precious votes.
Trump must collect 51 electoral college votes from the swing states, while Harris needs just 44 to hit the finish line of 270.
