Bitcoin Price Sets Another Record as Post-Election Rally Continues

Published On Nov 11, 2024, 10:03 AM

Bitcoin's price has surged to a record high of approximately $82,000 following the recent U.S. elections. This rally is driven by investor optimism that the incoming Trump administration will adopt a more favorable approach towards cryptocurrencies, in contrast to the previous administration's strict regulatory stance. The increase in Bitcoin's value has coincided with significant gains in cryptocurrency-related stocks, including Riot Platforms and Coinbase, which have risen 40% and 50% respectively since Election Day.