Bitcoin jumped to a record high, part of a wave of trades across global markets in response to Donald Trump emerging victorious over Democratic rival Kamala Harris in the US presidential election.The largest digital asset rose as much as 10% to $76,

Key Takeaways Trump's win is seen as a positive development for crypto — as illustrated by the latest rise of bitcoin prices, which earlier touched record highs. More regulatory clarity for stablecoins and crypto assets generally could see progress in Congress as more pro-crypto lawmakers take office.

Bitcoin jumped nearly 8% in early trading, climbing above $75,000 and smashing its previous record set in March. Other cryptocurrencies also soared, including ether, the world’s second most popular cryptocurrency after bitcoin, which rallied 8%.