As Donald Trump celebrated his prospective victory on Election Night at Mar-a-Lago, he was joined by a roster of high-profile supporters. Among them were Elon Musk, Robert F. Kennedy, Jr. and Cantor Fitzgerald CEO Howard Lutnick. One thing those three people have in common: crypto.

Bitcoin’s price went above $75,000, breaking the record that the digital currency set in March. Bitcoin surged to a record of more than $75,000, as cryptocurrency investors expressed optimism about former President Donald J. Trump’s prospects after early election results came in on Tuesday.

Republican Donald Trump is set to win the US presidential election over VP Kamala Harris, sparking hopes for a pro-crypto administration.

Memecoins surged early Wednesday on the back of election results that showed former President Donald Trump in a strong position to gain a second term. Dogecoin surged more than 22% and Shiba Inu gained 8%, according to Coin Metrics. The moves came as bitcoin rose to a fresh record of $75,000 even.

Donald Trump, who promised big things for crypto during the campaign trail, has become the U.S.’s 47th president.

Bitcoin hit a record high, climbing past $75,000, as former President Donald Trump took a clear lead in the US presidential election on Tuesday night. Trump's position in the race prompted a rush of so-called Trump trades as investors bet on assets expected to gain under another Trump term.

Bitcoin (BTC-USD) on Tuesday smashed past the $74K mark in a historic first, in the process also setting a new record high, after former U.S. President Donald Trump took a lead over Vice President Kamala Harris amid an ongoing count to decide the presidential election.

Bitcoin rallied overnight, hitting an all-time high as investors bet former President Donald Trump was gaining an edge in the U.S. election as results rolled in. The price of the flagship cryptocurrency touched a record $75,