Bitcoin, the world’s leading cryptocurrency, reached a historic high on Sunday, November 10, breaking past $80,000 for the first time. This milestone follows the recent U.S. presidential election, where Republican candidate Donald Trump claimed victory, which seems to have bolstered optimism in the crypto market.
Bitcoin first crossed the $75,000 threshold on Wednesday, coinciding with Trump’s election win, adding momentum to an ongoing rally. The cryptocurrency gained over 5.24% in the past 24 hours, reaching $80,945.35 at 7:31 p.m. (GMT+1), as reported by CoinMarketCap.
The rally extended beyond Bitcoin, with Ethereum, the second-largest cryptocurrency by market cap, rising 4.64% to $3,220. The total cryptocurrency market also achieved a new record with a $2.65 trillion valuation, reflecting a 2.20% increase and $157.07 billion in trading volume over 24 hours.
The Trump campaign’s open embrace of crypto—including accepting donations in Bitcoin, Ether, and Dogecoin—seems to have fueled further interest in digital assets. Trump recently endorsed World Liberty Financial, a crypto project led by his business associates, aiming to raise $300 million through token sales to qualified investors.
With Trump’s endorsement and integration of cryptocurrency into his campaign, Bitcoin’s latest surge may indicate growing interest and potential expansion in the crypto market.
Comments are closed.