Bitcoin hits record high of $81,497 as Trump’s pro-crypto victory sparks buying frenzy
scmp.com —
Bitcoin reached a record high of $81,497 on Monday, driven by excitement over Donald Trump's recent presidential victory. The digital-asset industry had invested over $100 million in crypto-friendly candidates, anticipating a pro-crypto agenda. The price increase included a 6.1% rise on Sunday, with smaller cryptocurrencies like Dogecoin also seeing gains. Trump's campaign promises included making the U.S. a leader in digital assets and creating a strategic bitcoin stockpile. Traders are currently focused on the positive market sentiment, overlooking concerns about the feasibility of Trump's proposals and the timeline for their implementation.