Bitcoin hits record high above $81k as Trump rally persists

Bitcoin briefly hit a record high above key levels on Sunday evening, extending a stellar run of recent gains after Donald Trump was elected as the U.S. president, sparking hopes of friendlier crypto regulation.

Bitcoin rose nearly 6% to a record high of $81,373.5, before settling around $80,362.9 by 18:16 ET (23:15 GMT). 

The world’s largest cryptocurrency, along with broader crypto markets, have been on a tear since Trump’s election victory last week. The president-elect had vowed to make the U.S. the “crypto capital” of the world.

Bitcoin had surged some 10% over the past week, and was trading up 91% so far in 2024. 

World no.2 crypto Ether rose 1.8% to $3,190.0- a three-month high. 

Source: Investing.com