Bitcoin soared to a new record high on Monday, beating expectations as it reached $81,899 post-election. The immediate aftermath of an election can be turbulent, but crypto has soared. Bitcoin has more than doubled since its low of $38,505 earlier in the year. On Sunday (November 10) Bitcoin was trading near $80,000 before it reached even higher on Monday – the first time it has been over $80,000. The upward momentum comes after Republican Donald Trump won the 2024 presidential election which will see him be sworn into office on January 20, 2025. The businessman has been extremely vocal about his support for the cryptocurrency industry throughout his campaign, during which he said “if you’re for crypto, you better vote for Trump.” He has also promised to make the US the ‘crypto capital’ and was often referred to as the ‘crypto candidate.’ Crypto industry insider declared election result as being a ‘huge win’ In mid-October, it was announced that a political action committee (PAC) had donated a mixture of cryptocurrency to support the business mogul’s presidential bid, with around $7.5 million having been raised.
Bitcoin Breaks $81,000 Following Trump’s Election Win
Sophie Atkinson, ReadWriteWeb
Mon, 11/11/2024 - 6:23am
Topics: on sunday november republican donald january crypto pac xrp tether usdc shortly ceo coinbase brian armstrong finally america jd vance x featured image ideogram readwrite bitcoin donald trump ether armstrong industry support legislation reached result monday soared presidential platform huge congress declared
BING NEWS:
- Bitcoin surges to a new record high, topping $84,000
Bitcoin prices rose to a new record high of more than $84,500 on Monday as its record-setting run continued in the wake of President-elect Trump's victory in last week's election.
11/11/2024 - 3:27 am | View Link - Bitcoin breaks $81,000 for first time on Trump trades; UK government sells £1bn of NatWest shares – business live
Cryptocurrency more than doubles since January on hopes of lighter regulation; latest share sale takes UK Treasury’s holding in NatWest to 11.4%. Dollar rises as rate cut expectations are pared 10:50 The dollar is rising this morning,
11/10/2024 - 10:22 pm | View Link - More
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