Bitcoin soared to unprecedented levels on Wednesday, fueled by former President Donald Trump’s electoral victory over Vice President Kamala Harris. Specifically, the firstborn crypto hit an all-time above $76,000 yesterday.

This surge triggered widespread liquidations among over-leveraged short traders, totaling over $500 million. Notably, the price later steadied at $74,812 after hitting another all-time high of $76,493.

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