Trump's Election Victory Sparks Bitcoin Rally As Price Soars Past $81,000

2024-11-11 43

Bitcoin surged beyond $81,000 for the first time, fueled by President-elect Donald Trump’s pro-crypto stance and a Congress expected to back digital asset policies. Bitcoin surged 6.1% to a record with bullish momentum boosting smaller tokens like Dogecoin, popularized by Trump-supporter Elon Musk. BlackRock’s iShares Bitcoin Trust ETF saw record inflows and peak trading volume. Digital-asset firms invested over $100 million in crypto-supportive candidates, hoping Trump’s presidency will lead to favorable legislation.

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