Bitcoin Price Reached $81,000 For New ATH; $85k Now Achievable

Bitcoin continues to prove its worth. On Monday, speculators wagered that Donald Trump's return to the Oval Office would boost the crypto business, sending it to a record high.


Coingecko statistics reveals that the world's biggest and most recognizable cryptocurrency has more than doubled from the year's low of $38,4000 to $81,405 after reaching a record high of $81,890.

Bitcoin reached $75k a day after the elections, surpassing $74,797 in March. Since Bitcoin and crypto are election topics, their early November price spike was expected.

Trump was more sympathetic to Bitcoin and crypto than Kamala Harris, who supported AI. CoinMarketCap reports that Bitcoin's market valuation rose beyond $2.7 trillion after its recent spike.

Bitcoin Hits Another High, Boosts Crypto
Bitcoin's upward price activity began on November 5th after Trump won convincingly. Bitcoin topped $75k Wednesday and rose to new highs till Monday.

Bitcoin's rise helped the whole crypto sector. With Bitcoin's rise, MicroStrategy's share price rose, as Coinbase Global verified. Even the Dow Jones Industrial Average and S&P 500 closed the week in black, indicating traders' confidence.

Interestingly, incoming President Trump originally disliked Bitcoin and cryptocurrencies. Trump called these digital assets frauds during his first term. Trump altered his tune and now has huge support after recent public appearances and remarks.

Trump pledged to make the US the Bitcoin and crypto capital in a campaign address. Elon Musk and other crypto celebrities endorse him.

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