While the race for the White House seemed like a dead heat, crypto investors remained confident in a Trump win. When those hopes were realized early on Wednesday, industry leaders took a victory lap as Bitcoin reached an all-time high.

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.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration,

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.