FT: Bitcoin, dollar and Tesla jump as investors pile into ‘Trump trades’

Following Donald Trump's election win, Bitcoin surged over 10%, reaching a record high of $88,000 as investors bet on a crypto-friendly administration. With Republicans poised to control Congress, expectations of favorable legislation have boosted both crypto assets and market sentiment. Key stocks like Tesla, Coinbase, and Robinhood rallied, while the dollar hit a four-month peak. Optimism around Trump's policies has sparked a "Trump trade" euphoria across financial markets.

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By Will Schmitt in New York and Mari Novik, Rafe Uddin and Ian Smith in London

Markets expect US president-elect to take light-touch approach to regulation

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