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Bitcoin Price Tops $80,000 For First Time

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The rise has boosted the estimated market cap of crypto broadly. Bitcoin has reached a new milestone after crossing above $80,000 over the weekend. ...READ THE FULL STORY FROM SOURCE ↔️

This is the first time Bitcoin will reach $80,000.

This followed Donald Trump’s victory in last week’s US election.

Recall that Bitcoin (BTCUSD) recently traded around $79,700, up about 4% over the past 24 hours and still in the neighborhood of record levels.

The expectation that a second Trump administration and a new Congress thought to be friendlier to the industry has lifted both bitcoin and other assets in the sector, with investors lately pouring money into instruments like spot bitcoin exchange-traded funds.

The rise has boosted the estimated market cap of crypto broadly, with the figure recently above $2.7 trillion, according to CoinMarketCap. …READ THE FULL STORY FROM SOURCE ↔️ 

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