Bitcoin reached a historic milestone this week, rising above $80,000 for the first time. The crypto’s surge came after Donald Trump’s victory in the U.S. presidential election and as Republicans edge closer to securing control of Congress.
This political outcome is influencing market dynamics, with analysts speculating on Bitcoin’s next price trajectory. Some predict significant price corrections, while others see potential long-term growth fueled by increasing demand and the possibility of U.S. policy shifts favoring digital assets.
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