Bitcoin trades above $80,000; first time in history

On Wednesday, Bitcoin surpassed $75,000, aligning with Trump’s election victory and fueling optimism in the cryptocurrency market. Earlier today, Bitcoin rose by over 5.24% in the past 24 hours, reaching $80,945.35 at 7:31 p.m. (GMT+1), according to CoinMarketCap.

The market rally extended beyond Bitcoin, with Ethereum, the second-largest cryptocurrency, increasing by 4.64% to $3,220. The total cryptocurrency market also hit a new record, achieving a market capitalization of $2.65 trillion—a 2.20% rise—with $157.07 billion in 24-hour trading volume.

The Trump campaign has embraced cryptocurrency, allowing supporters to contribute through Bitcoin, Ether, and Dogecoin. Last month, Trump began promoting World Liberty Financial, a crypto project started by his business associates, aiming to raise $300 million through token sales to qualified investors, as reported by the Financial Times.

With Trump’s endorsement and integration of crypto into his campaign, Bitcoin's latest surge could indicate growing interest and potential growth in the cryptocurrency sector.