Bitcoin surpasses $80,000 following Trump's election victory and Congress shift
Bitcoin has surpassed $80,000 for the first time, following Donald Trump's recent election victory. This marks an increase of over 80% in value this year. Other cryptocurrencies, like dogecoin, are also seeing gains. Trump's campaign promised to make the U.S. "the crypto capital of the planet." He plans to create a Bitcoin stockpile and appoint regulators supportive of digital assets. He intends to remove the current SEC chair, who has enforced strict regulations on the crypto industry. The Republican Party is nearing control of Congress, which has contributed to rising investments in various markets. Major stock indexes, the dollar, and U.S. bonds have all increased in value since the election.