Bitcoin has hit an all-time high, roaring past $80,000 on Sunday, November 10.
This new height by the world’s leading cryptocurrency comes just days after the U.S. presidential election in which returnee President Donald Trump secured victory.
On Wednesday, Bitcoin surpassed the $75,000 mark, coinciding with Trump’s election win, driving optimism and momentum in the cryptocurrency market. Earlier today, Bitcoin gained over 5.24% in the past 24 hours, reaching $80,945.35 at 7:31 p.m. (GMT+1), according to CoinMarketCap, a leading crypto price-tracking platform.
The market rally extended beyond Bitcoin, as Ethereum, the second-largest cryptocurrency by market cap, rose by 4.64% to $3,220. The overall cryptocurrency market also reached a new record, with a total market capitalization of $2.65 trillion, marking a 2.20% increase and generating $157.07 billion in trading volume over 24 hours.
The Trump campaign has embraced crypto, allowing supporters to contribute via Bitcoin, Ether, and Dogecoin. Last month, the former president began promoting World Liberty Financial, a crypto project launched by his business associates, with the goal of raising $300 million through token sales to qualified investors, as reported by the Financial Times.
