Bitcoin price hits all-time high on early election results

Bitcoin price hits all-time high on early election results

(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.

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