Bitcoin Hits Record $80,092 After Trump's Clean Sweep in Election

Nov 10, 2024, 12:58 PM

Bitcoin surged past $80,000 for the first time, driven by President-elect Donald Trump's embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. The cryptocurrency climbed as much as 4.7% to reach an unprecedented $80,092 on Sunday, following Trump's decisive victory in the U.S. presidential election, which included a clean sweep of the seven battleground states. Traders are optimistic about favorable conditions for cryptocurrency growth under the new administration, as the crypto industry—which spent over $100 million backing pro-crypto candidates—celebrates the election outcome.