Crypto markets surged Tuesday night as Bitcoin hit a new all-time high above $75,000, following NBC’s projection of wins for former president Donald Trump.
Trump's election victory has sparked optimism in the crypto market, with Bitcoin reaching new highs and crypto stocks surging.
Trump has proposed building a national Bitcoin reserve and appointing crypto-friendly leaders to rewrite regulations in support of the industry's growth.
He aims to boost U.S. Bitcoin mining, reduce reliance on foreign operations, and exempt Bitcoin from federal taxes.