Bitcoin surpassed $80,000 on Sunday first time in its history,driven by the prospect of regulatory relief favorable to digital currencies that could be implemented with Donald Trump’s return to the White House.
The leading digital currency by capitalization broke through this threshold to reach a high of $80,116, before retreating slightly. By Thursday it had reached the $75,000 mark, surpassing the record set in March. After the results of the US presidential election, its price is rose in unison with the dollar.
During his election campaign, Donald Trump pledged to make the United States “the bitcoin and cryptocurrency capital of the world.” By presenting himself as a champion of cryptocurrencies, the former businessman has gone against the tide of the Biden administration, seen as supporting strict regulation of a controversial sector largely outside the control of institutions.