Bitcoin on cusp of $80,000 for first time on optimism over Donald Trump

Bitcoin surged to a new all-time high, approaching $80,000, fueled by expectations of favorable regulations under President-elect Donald Trump. Trump's victory, coupled with a Republican-controlled Congress, has boosted optimism for a pro-crypto regulatory environment. This surge follows a period of stricter regulations under the Biden administration.

Bitcoin on cusp of $80,000 for first time on optimism over Donald Trump

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Bitcoin surged to a new all-time high, approaching $80,000, fueled by expectations of favorable regulations under President-elect Donald Trump. Trump's victory, coupled with a Republican-controlled Congress, has boosted optimism for a pro-crypto regulatory environment. This surge follows a period of stricter regulations under the Biden administration.