(CNN) – The price of Bitcoin hit an all-time high as early election results rolled in Tuesday night.
The price surged to $75,000 after former President Donald Trump took an early lead in the Electoral College. It was a jump of 7.3%, according to the Associated Press.
Share prices and bond yields also surged.
If Trump wins, traders anticipate a bump in cryptocurrency prices. But a victory for Vice President Kamala Harris is expected to bring a risk of downside moves to the value of Bitcoin.
Investors expect Bitcoin trading to be choppy until a winner is declared.
Copyright 2024 CNN Newsource. All rights reserved. Gray News contributed to this report.
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