Crypto assets rose as investors bet that a second Trump administration will widen fiscal deficits and boost bitcoin as a hedge against higher inflation.

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%.

Judging by the after-hours price surge in the Tesla stock, the market thinks Trump will start warming to EVs, which means the subsidies will stay; they might even be increased.

Bitcoin surged to a record of more than $75,000, as cryptocurrency investors celebrated President-elect Donald J. Trump’s prospects after his decisive win on Wednesday.

Donald Trump's return to the White House is seen as a positive development for crypto regulation and the potential development of a strategic bitcoin stockpile.

Donald Trump's reelection sent bitcoin to all-time highs on Wednesday as traders cheered the coming administration of the "crypto president." Bitcoin popped as much as 8% early Wednesday, rising past $75,

U.S. stocks stormed to records as investors bet on what Donald Trump’s return to the White House will mean for the economy and the world. The S&P 500 jumped 2.5% Wednesday for its best day in nearly two years.

U.S. and European stock futures and the dollar surged on Wednesday, while bitcoin jumped to a record high as Republican Donald Trump claimed victory in the U.S. presidential election. Fox News projected that Trump has won the U.