Bitcoin has surged more than 8 per cent over the past two sessions to as high as $US73,564 ($111,974) on Tuesday in New York (Wednesday AEDT), just shy of March's all-time peak of $US73,798.
Traders are positioning themselves for a Donald Trump victory in the upcoming US election, sparking a surge into bitcoin and gold, which are expected to benefit from ballooning deficits and geopolitical tensions under the Republican candidate.
Bitcoin has surged more than 8 per cent over the past two sessions, reaching a high of $US73,564 ($111,974) on Tuesday in New York (Wednesday AEDT), just shy of March’s all-time peak of $US73,798. Meanwhile, gold hit a fresh record of $US2775.47 an ounce in Asia trading on Wednesday, surpassing its previous high set on Tuesday.
The above is the detailed content of Traders flood into crypto, gold as Trump bets surge. For more information, please follow other related articles on the PHP Chinese website!