AlyceAndres, a U.S. foreign exchange analyst, said that Bitcoin's more than 8% increase shows that it is indeed the boss of the "Trump trade." Bitcoin reached an all-time high of more than $75,000 as bets on Trump's presidency increased. Republican Bernie Moreno's victory over Sherrod Brown in Ohio could mean another new high for Bitcoin. Brown has been a critic of the industry, questioning its legitimacy. Meanwhile, Moreno founded a blockchain-based company to digitize car names after building a series of car dealerships. In addition, there is a Fairshake political action committee that spent more than $40 million on lobbying in the final weeks of the 2024 U.S. election, after having spent $140 million on dozens of congressional campaigns. Fairshake aims to push candidates from both parties to take cryptocurrencies seriously. (Jinshi)