Bitcoin tops record $80,000 as Trump nears sweep of US Congress

Published On Nov 10, 2024, 8:15 PM

Bitcoin has surged past $80,000, marking a record high following Donald Trump's election victory, which has shifted market sentiments positively towards cryptocurrencies. Trump has expressed intentions to make the U.S. a major hub for crypto investments, promising strategic initiatives and regulatory changes that could favor the market. Other cryptocurrencies, such as Dogecoin, are also experiencing gains. The broader market is responding positively to Trump's anticipated policies, which include tax cuts and regulatory rollbacks, contributing to overall gains across various investment sectors.