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 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,

Bitcoin surged to an all-time high of just over $76,000, setting a new record only hours after surpassing the $75,000 mark on Tuesday night. Following Donald Trump’s reelection, strong support within the crypto community for his return to the White House continues to fuel Bitcoin’s upward momentum.