Bitcoin surged to a record high of $76,000 Wednesday after Donald Trump's U.S. election win, fueling optimism for a prolonged crypto rally. The leading cryptocurrency gained more than 6% in 24 hours, with 30-day gains surpassing 21%. QCP Capital noted BTC's history of post-election rallies as the dollar strengthened and Treasury yields rose. Traders are now focused on a Federal Reserve rate cut, expected at 0.25%, which could further support Bitcoin by weakening the dollar.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bitcoin surged to a record high of $76,000 Wednesday after Donald Trump's U.S. election win,
00:08fueling optimism for a prolonged crypto rally. The leading cryptocurrency gained more than 6%
00:14in 24 hours, with 30-day gains surpassing 21%. QCP Capital noted BTC's history of post-election
00:22rallies as the dollar strengthened and treasury yields rose. Traders are now focused on a Federal
00:27Reserve rate cut expected at 0.25%, which could further support Bitcoin by weakening the dollar.