Key Takeaways Bitcoin surged to a record high near $77,000 on Thursday, extending a rally that followed Donald Trump's win in the presidential election, with investors seeing his future administration as a positive development for the cryptocurrency.

Bitcoin surged to a record of more than $75,000, as cryptocurrency investors celebrated President-elect Donald J. Trump’s prospects after his decisive win on Wednesday.

Bitcoin jumped nearly 8% in early trading, climbing above $75,000 and smashing its previous record set in March. Other cryptocurrencies also soared, including ether, the world’s second most popular cryptocurrency after bitcoin, which rallied 8%.