Bitcoin reaches new high of $82,171 as crypto market rallies after Trump election win
cnbc.com —
Bitcoin reached a new high of $82,171 on Monday, rising 3.6% after hitting $80,000 for the first time on Sunday. The surge follows President-elect Donald Trump's election win, which has energized the cryptocurrency market. Other cryptocurrencies also saw gains, with ether up 1.7% at around $3,202. Memecoins like dogecoin and Shiba Inu coin rose nearly 10% and 3.5%, respectively, reflecting the overall positive sentiment in the crypto space. Trump's promises to support the crypto industry have contributed to this rally. Investors are optimistic about a more favorable regulatory environment under his administration, leading to significant inflows into crypto exchange-traded funds.