Bitcoin on Sunday hit a new record above $80,000. The world’s largest cryptocurrency surged in the run-up to Tuesday’s US presidential election, rose sharply immediately on election night after it became clear Donald Trump would win and has continued rising in the days since his victory.

Bitcoin surged past $81,000 on Monday, setting a new record as optimism grows around a pro-crypto regulatory landscape expected under US President-elect Donald Trump and a Congress with strong cryptocurrency backing.

Trump’s current stance on crypto is a major departure from his last term as president. In the summer of 2019, Trump criticized cryptocurrency on social media, claiming it could be used to facilitate illegal activities. And during his presidency, the Trump administration’s regulatory actions included the SEC’s controversial lawsuit against Ripple.

Many of the Democrats and Republicans backed by a trio of new crypto super PACs won their races Tuesday, illustrating the industry’s political ascendance.

Bitcoin Has Reached A New All-Time High! As Trump Prepares To Take Office With A Pro-Crypto Agenda, Explore The Potential Impact On Bitcoin’s Future.

Donald Trump has been elected as the 47th President of the United States, defeating his Democratic opponent Kamala Harris. Trump’s victory propelled Bitcoin (CRYPTO: BTC) to a new all time high of $75,

Experts are predicting that the Trump administration will pursue a policy of “light touch administration” towards crypto. The post Cryptocurrencies Are Early Winners of Trump’s Second Term appeared first on Tech.