Bitcoin breaks record: amid Trump's victory, cryptocurrency price tops $74.4k

Bitcoin has hit an all-time high on the back of Trump's victory in the US presidential election.

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The cost of the cryptocurrency instantly reacted to the news of Trump's victory and exceeded the mark of $74 700.

Over the past 24 hours, Bitcoin rose in price by 9.5% and at the time of writing corresponds to $74.3 thousand. Recall, the previous maximum was recorded on 13 March at $73,000.

Undoubtedly, the growth of Bitcoin is associated with the victory of Trump, as in his election campaign he repeatedly stated the importance of cryptocurrencies and his intention to popularise them in the American market. He met with executives of bitcoin mining companies and stated that he wants to make the US the cryptocurrency capital of the world.