The Bitcoin cryptocurrency "sees" Trump's victory and since yesterday it has started a crazy upward race, reaching today the historical rate of 75.000 US dollars. Simultaneous price drop for oil.
Bitcoin surges as investors appear to be discounting a Donald Trump victory in the US presidential election. It rose 8,5% to climb to $75.000 from $69.000 yesterday.
This parity is also the largest figure that has been recorded. The increase is due to the buying frenzy that has caught investors to buy Bitcoins before the final result of the US election.
A victory by Kamala Harris is expected to bring downward movements in its price, while investors expect a rise in the event of a victory of former President Donald Trump.
The dollar was also up 1,5% against the euro and the yen in Asian markets, also on the prospect of a Trump victory. On the contrary, oil prices were falling, as uncertainty still prevailed. U.S. crude lost 23 cents to $71,66 a barrel, while North Sea Brent fell 39 cents to $75,14 a barrel.
