Bitcoin surpasses $80,000 as Trump embraces pro-crypto policies

Bitcoin has surged past $80,000, driven by President-elect Donald Trump's pro-crypto stance following the 2024 election. Trump plans to create a Bitcoin Strategic Reserve and improve regulatory conditions for the crypto industry. This shift marks a significant change from Trump's previous skepticism towards Bitcoin during his first term. His new approach aims to position the U.S. as a leader in the crypto space, attracting institutional investors and enhancing market stability. The positive sentiment has also boosted other cryptocurrencies, including Cardano, Solana, and meme coins like Dogecoin. With pro-crypto lawmakers expected in Congress, the outlook for the crypto sector appears more favorable.