Crypto assets kept climbing higher Wednesday after Donald Trump won the U.S. presidency, with bitcoin (BTC) blasting through $76,000 for the first time ever amid optimism the election will usher in a far friendlier environment for digital assets in the world's largest economy.

Bitcoin (BTC) hit a fresh record high of $76,330 during the U.S. day and is up 9.5% over the past 24 hours. Ethereum's ether (ETH) surged to just shy of the $2,700 level, up 11% during the same period. The broad-market CoinDesk 20 Index advanced 10.7%, led by gains of decentralized exchange Uniswap (UNI), layer-1 blockchain Solana (SOL) and decentralized GPU rendering platform Render (RNDR).

The violent crypto rally triggered $592 million in liquidations of leveraged derivatives trading positions across all crypto assets during the day, CoinGlass data shows. The majority, some $390 million of the liquidations were leveraged shorts betting on lower prices, making the largest short squeeze in at least the past six months.

Crypto stocks also joined the rally, led by crypto exchange Coinbase's (COIN) 31% advance. Bitcoin miners Riot Platforms (RIOT), TeraWulf (WULF) and CleanSpark (CLSK) were up 20%-25%, too.