Investors piled into cryptocurrencies after Donald Trump took an early lead in the US election, sending bitcoin to a record and other tokens including Elon Musk-backed dogecoin soaring.
Bitcoin, the world’s largest cryptocurrency, jumped more than 8 per cent above $US75,000 in New York as traders around the world watched poll results trickle in. That topped the March peak after the launch of bitcoin exchange-traded funds. It eased to about $US74, 544 in Asian trading.
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Sarah Jones is the markets editor at The Australian Financial Review. She is based in the Sydney newsroom. Connect with Sarah on Twitter. Email Sarah at sa.jones@afr.com