Following President-elect Donald Trump’s victory, the crypto market responded with a wave of enthusiasm, pushing Bitcoin to its highest point yet as Trump’s pro-crypto stance promises a potential boom in the industry. The broader cryptocurrency market followed suit, with other tokens like Ether also experiencing significant gains.
The global financial landscape witnessed Bitcoin reaching an all-time high of $82,197 early Monday, marking a 19.5% increase from last week’s levels.
The surge started over the weekend, with Bitcoin breaking through the $80,000 barrier on Sunday and continuing its rally into Monday, as mentioned in a report by Forbes.
Ether, the second-largest cryptocurrency, also saw a sharp rise, with its price soaring by 28.7% to $3,165, setting an optimistic tone across digital currencies.
ECONOMIC TIMES
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