Bitcoin skyrocketed to a new all-time high today after crossing $81,000 as investors continued to bet big on Donald Trump’s election triumph last week.
BTC touched a record $81,889 in early-day trade today. It first hit its previous record of $75,000 on November 6 and has traded between $75,000-$81,000 since then.
At 11 AM today, the flagship cryptocurrency was up 2.25 percent, trading around $80,933.
Cryptocurrencies have seen widespread gains recently. On Monday, Ethereum climbed past $3,200 for the first time in more than three months, with its value surging to around $3,192. Meanwhile, Dogecoin—a cryptocurrency that was originally launched in 2013 as a parody of the early crypto craze—reached its highest level in three years.
In 2024, Bitcoin has soared by about 80%, fueled by high demand for exchange-traded funds (ETFs) in the US and recent interest rate cuts by the Federal Reserve. This growth has allowed it to outperform conventional assets such as stocks and gold.
Editorial & Legal Practice Group
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