Bitcoin is nearing an unprecedented price milestone of $80,000 for the first time as investors take optimism about President-elect Donald Trump’s crypto-friendly stance into account. The cryptocurrency gained 4.3% to $79,771 on Sunday and remained steady around $79,000 on Monday. Smaller tokens such as Cardano and Dogecoin also saw significant gains. Digital asset traders attribute the surge to a potential friendlier regulatory environment under the new Congress.
Source: https://www.bloomberg.com/news/articles/2024-11-10/bitcoin-btc-on-cusp-of-80-000-for-first-time-on-optimism-over-trump