Bitcoin traded above the significant milestone of $80,000 over the weekend, marking an extension of its upward trajectory as the leading cryptocurrency. This surge was attributed to the recent election victory by Donald Trump.
Bitcoin (BTCUSD) has been recently trading around $79,700, which represents an approximately 4% increase over the past 24 hours and keeps it close to its record high. The anticipation of a second Trump administration and a new Congress that is perceived as being more industry-friendly has led to an increase in both Bitcoin and other assets within the sector. Investors have been increasingly investing in instruments such as spot bitcoin exchange-traded funds.
