Cryptocurrencies rise on Trump victory

Donald Trump’s historic victory in the 2016 US presidential elections predictably and immediately hammered the value of the dollar on foreign currency exchange markets. But, for cryptocurrencies, the news had an equal and opposite effect. Coindesk reports the value of Bitcoin started rising steadily as the vote count began. Bitcoin is now trading up 3 per cent on news of the Trump win, with the price of one BTC hitting a high of $740 — up from a high of around $710 yesterday. Read more: