Bitcoin touches $80,000 for the first time ever

Bitcoin’s price jumped during today’s trading to its highest level ever at $80,000, benefiting from the cryptocurrency market’s optimism about Republican candidate Donald Trump winning the US presidential elections.

Bitcoin – the largest cryptocurrency in market value – rose by 5% to $80,080, according to Coinbase data, before falling slightly after that. According to CNN.

The cryptocurrency has continued to rise since Trump’s victory was announced, as it jumped over the past five days from November 5, 2024 to November 10, 2024, by about 15.2%, an increase of 128% compared to November 10 of last year.

Trump had said that the United States would become the world’s cryptocurrency capital and the world’s Bitcoin superpower if he was elected president, in a speech he gave at the Bitcoin 2024 conference.