1. Bitcoin Hits a New All-Time High

In the early hours of Wednesday morning, we learned one thing: BTC hadn’t priced in the impact of a Trump victory.

The world’s biggest cryptocurrency hit a fresh all-time high of $75,361.09 as traders digested the news — eclipsing the previous record of $73,750, set back in March.

There was also a sea of green among altcoins, with the total market capitalization of all cryptocurrencies racing toward $2.5 trillion for the first time ever.

Throughout his campaign, Trump had promised that he would be America’s first pro-crypto president and unveiled a slew of policies designed to court Bitcoiners.

In addition to vowing to sack SEC chair Gary Gensler on “day one,” the Republican had also called for the Treasury to treat crypto seized from criminals as a strategic reserve.

Trump also declared that he wants all remaining Bitcoin mined in the US and hinted he wants greater control over interest rates, setting the stage for a battle with the traditionally independent Federal Reserve.

The “red wave” seen on election night will likely make it easier for the president-elect to achieve some of these ambitions, but fears linger that his economic plan could hit BTC in the long run.