Bitcoin surged to a historic high, crossing $81,000 for the first time after Donald Trump won the 2024 US Presidential election, signaling potential crypto-friendly policies.
Trump’s election promises include positioning the US as a digital asset leader by backing Bitcoin regulations and creating a strategic Bitcoin reserve, sparking market optimism. Bitcoin, which was as low as $38,505 in January, has nearly doubled in 2024, with a 4.7% jump over the weekend. Ether also rose to over $3,200, driven by high demand for Bitcoin-focused ETFs and recent Federal Reserve rate cuts.