• Bitcoin rallies over $75K ahead of a Trump win.
• Pro-Trump crypto bets hit the jackpot, making millions overnight.

As the U.S. presidential election results rolled in, crypto investors were on the edge of their seats, with many forecasting that Donald Trump’s success could fuel a Bitcoin [BTC] rally. 

Well, the market didn’t disappoint. Before the results even came in, BTC smashed through the $75,000 barrier, achieving a record high before stabilizing around $73,589 at press time. 

Furthermore, at this remarkable level, 98% of Bitcoin holders were seeing profits, as per data from Glassnode.

Trump declares early victory 

After a nail-biting race, Trump took the stage to celebrate his near-win in Florida. This, came after he was being projected to win the crucial battleground states of Pennsylvania, North Carolina, and Georgia.

Later, the Associated Press (AP) projected Trump as the winner of Wisconsin.

According to the latest projections from the AP, Trump held 277 electoral college votes compared to 224 for his Democratic opponent, Kamala Harris. 270 were required to secure victory.

Thus, Trump has secured the Oval Office, becoming the POTUS.