Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Bitcoin Breaks $80K Barrier: What Trump’s Win Means for Crypto

Daniel Kim Views  

Yonhap News

In a groundbreaking development, Bitcoin has surged beyond the $80,000 threshold, reaching an all-time high of $81,000. This remarkable ascent appears to be fueled by the positive sentiment surrounding Donald Trump’s election victory and its anticipated impact on the cryptocurrency market. As of 1:25 PM Eastern Time on Sunday, Bitcoin was trading at $81,110.99 on the Coinbase exchange, up a 6.22% increase from the previous day.

The digital currency first breached the $80,000 mark at 7 AM and has maintained its upward trajectory since. Trump’s campaign remarks suggesting he would ease cryptocurrency regulations have galvanized market optimism. On election day, November 5, Bitcoin had already pushed past $75,000, continuing its streak of record-breaking performances.

Ethereum has also joined the rally, surpassing $3,000 and trading around $3,200, representing a more than 6% increase. Since the election, Bitcoin and Ethereum have jumped by 18% and 32%, respectively. Coinbase’s stock price followed suit, leaping 48% last week, its biggest gain since January last year. As boosted by Elon Musk’s endorsement, Dogecoin surged over 40% to $0.30.

Trump has previously expressed his intention to elevate cryptocurrency to a key economic sector in the U.S., sparking expectations of a more lenient regulatory environment under his potential administration. CNBC reports that Trump’s promised pro-cryptocurrency policies could significantly benefit the industry.

According to Alex Thorn, head of research at Galaxy Digital, cryptocurrency could enter a “golden era.” He noted that Trump and his team’s support for cryptocurrencies would likely open up more opportunities for the industry. “In this environment, over the next two years, we expect that Bitcoin and other digital assets will trade significantly higher than the current all-time high,” Thorn said.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible
  • Toyota’s bZ3X SUV Surges with 10,000 Pre-Orders: A New Era in EVs

You May Also Like

  • 1
    Oral Probiotics Are Trending — But Are They the Real Deal?

    LIFESTYLE 

  • 2
    Love Carbs? This Simple Trick Makes Rice and Pasta Healthier

    LIFESTYLE 

  • 3
    Heart Disease Is the World’s #1 Killer—Here’s How to Protect Yourself

    LIFESTYLE 

  • 4
    Dark Spots on Your Fingers? Here’s What They Could Really Mean

    LIFESTYLE 

  • 5
    Rise in Early Puberty Among Girls Raises Red Flags for Parents

    LIFESTYLE 

Popular Now

  • 1
    How Many Times Can You REALLY Reuse a Towel? The Answer May Gross You Out

    LIFESTYLE 

  • 2
    Struggling to Wake Up? It’s Not Laziness—It’s Science

    LIFESTYLE 

  • 3
    Stevia vs. Agave: Which Sweetener Is Actually Better for You?

    LIFESTYLE 

  • 4
    Clocking 52+ Hours a Week? Your Brain May Be Paying the Price

    LIFESTYLE 

  • 5
    Why Age 6 Is a Critical Year for Childhood Obesity Risk

    LIFESTYLE 

Must-Reads

  • 1
    Oral Probiotics Are Trending — But Are They the Real Deal?

    LIFESTYLE 

  • 2
    Love Carbs? This Simple Trick Makes Rice and Pasta Healthier

    LIFESTYLE 

  • 3
    Heart Disease Is the World’s #1 Killer—Here’s How to Protect Yourself

    LIFESTYLE 

  • 4
    Dark Spots on Your Fingers? Here’s What They Could Really Mean

    LIFESTYLE 

  • 5
    Rise in Early Puberty Among Girls Raises Red Flags for Parents

    LIFESTYLE 

Popular Now

  • 1
    How Many Times Can You REALLY Reuse a Towel? The Answer May Gross You Out

    LIFESTYLE 

  • 2
    Struggling to Wake Up? It’s Not Laziness—It’s Science

    LIFESTYLE 

  • 3
    Stevia vs. Agave: Which Sweetener Is Actually Better for You?

    LIFESTYLE 

  • 4
    Clocking 52+ Hours a Week? Your Brain May Be Paying the Price

    LIFESTYLE 

  • 5
    Why Age 6 Is a Critical Year for Childhood Obesity Risk

    LIFESTYLE 

Share it on...