Bitcoin price tops $81,000 for first time amid ‘Trump pump’ | Bitcoin
The price of bitcoin has risen above $81,000 for the first time as it benefited from traders’ hopes that Donald Trump will favour cryptocurrencies when he returns to the White House.
Bitcoin touched a record high of $81,899, before dropping back to about $81,100, a gain of about 2.7% on Monday. The price has more than doubled from about $37,000 12 months ago.
Trump has in the past called bitcoin a “scam against the dollar”, but he changed his tune on cryptocurrency during the US presidential election campaign, courting the crypto community and appearing at industry events. That has created an expectation of a relaxation of rules to make it easier for retail savers to invest in bitcoin and other cryptocurrencies – although Trump…
