Bitcoin surges to new record high above $81,800 as Trump’s win sparks optimism
Bitcoin surged to a record high of over $81,800 on Monday, driven by Donald Trump's victory in the U.S. presidential election and the election of pro-crypto candidates to Congress, which fueled expectations of a lighter regulatory environment for digital assets.
The world’s largest cryptocurrency has more than doubled from its 2024 low of $38,505, reached on January 23. As of 10:10 a.m. IST, Bitcoin was trading 4.3% higher at $81,417, having previously touched a peak of $81,858 during the session. Meanwhile, Ether rose above $3,200 for the first time in over three months, last trading at $3,177.
The cryptocurrency industry had invested over $119 million backing pro-crypto U.S. congressional candidates in a bid to push forward crypto-friendly legislation. Last week’s results saw many of these candidates win their races, setting the stage for a Congress that may be more favorable to digital assets.
«Bitcoin surged to an all-time high of over $81,800 following the recent U.S. elections, driven by Trump’s victory and the election of pro-crypto candidates to Congress,» said Shivam Thakral, CEO of BuyUcoin. «This political shift has raised hopes for a more favorable regulatory environment, with fewer limitations on cryptocurrency
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