Bitcoin hit a record high of $75,071.8 following Donald Trump’s victory in the U.S. presidential election, fueling optimism for more crypto-friendly regulations. Trump's win, securing 279 Electoral College votes, is expected to bring inflationary policies and clearer crypto regulations, boosting industry confidence. Other cryptocurrencies like Ether and Dogecoin also rose. Global markets surged, but Bitcoin remained strong despite a stronger dollar. The outlook for interest rates turned less dovish with the expectation of a Federal Reserve rate cut.
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