Bitcoin hits record high above $81,000 following Trump's election victory
Bitcoin reached a record high of over $81,000 on Monday, following Donald Trump's victory in the 2024 US Presidential election. His win, along with pro-crypto candidates in Congress, raised hopes for a favorable regulatory environment. The cryptocurrency has more than doubled since January, when it was around $38,505. Smaller cryptocurrencies, like Ether, also saw gains, with Ether surpassing $3,200 for the first time in months. Trump's campaign promised to support the digital asset industry, including creating a Bitcoin stockpile. The cryptocurrency sector invested heavily in pro-crypto candidates, leading to a Congress that may favor digital asset legislation.