Bitcoin surged to a record high of $76,330, gaining 9.5% in the past 24 hours, following Donald Trump's election victory, which heightened optimism for a favorable regulatory climate for digital assets. The crypto rally resulted in $592 million in liquidations of leveraged trading positions, with $390 million linked to short positions betting on price declines. Other cryptocurrencies like Ethereum also saw significant gains, with ether approaching $2,700. Major crypto stocks, including Coinbase, experienced substantial increases as well. Analysts suggest that this breakout from an eight-month consolidation phase indicates potential for further growth, with many anticipating key regulatory improvements in the months ahead. However, there are warnings of possible short-term risks due to enforcement actions during transitions in government.

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