currencyjournals — Bitcoin soars to report excessive on Wednesday as early vote counting exhibits Donald Trump with a giant lead within the 2024 presidential election, elevating hopes for friendlier regulation rose to the worth.

The inventory soared practically 10% to a report excessive of $74,847.2.

Broad cryptocurrency costs additionally rose, with the world's second-largest cryptocurrency rising 9.1% to $2,622.90.

Cryptocurrencies are gaining popularity after vote counting at 10:10 pm ET (3:10 p.m. Japan time) confirmed Trump main with 198 electoral votes, with Kamala Harris holding 109. Costs soared.

The Related Press reported that Trump additionally had a lead within the battleground states of Pennsylvania, Arizona, North Carolina and Wisconsin.

Cryptocurrency markets have welcomed the prospect of a Trump presidency, as Trump has maintained a largely pro-crypto stance on the marketing campaign path and has promised to enact industry-friendly laws.