Bitcoin(CRYPTO: BTC) surged to a new all time high of $75,358 on Wednesday during European trading hours, with market experts projecting further gains up to $120,000 amid expectations of crypto-friendly policies underDonald Trump's presidency, according to multiple industry leaders.
What Happened:Donald Trump has won the 2024 U.S. presidential election, defeating Democratic contenderKamala Harris.
After a tightly contested race, Trump emerged as the victor, securing his return to the White House.
After peaking in early European trading, Bitcoin retraced slightly to $74,210, still up 6.5% for the day, according to CoinGecko data.
Ethereum(CRYPTO: ETH), the second-largest cryptocurrency...