The US dollar has surged as Donald Trump is on the cusp of winning back the White House in the presidential race.
Bitcoin is also at a record high as traders bet on potential tax cuts, tariffs, and rising inflation under Trump.
The result of the election is expected to have a major impact on the global economy.
According to a projection from the BBC’s US partner CBS, the Republican Party is set to take control of the Senate but there are still votes left to count.
The dollar has soared by around 1.5% against a host of different currencies, including the pound, euro and the Japanese yen.
Meanwhile, the value of Bitcoin jumped by $6,000 (£4,645) to record high of $75,371.69, surpassing the previous high of $73,797.98 in March this year.
Experts are predicting a turbulent day for the financial markets as a response to global uncertainty and Trump’s potential plans for the economy.
“Many of his measures will be inflationary and likely to lead…
