Bitcoin brushes $85,000 in new all-time high
Bitcoin keeps soaring in the wake of Donald Trump’s election victory alongside those of a new cohort of Congressional candidates who share his pro-crypto views. Since election night, the original cryptocurrency has climbed from around $70,000 to just short of $85,000 on mid-day Monday.
Bitcoin is now the ninth-largest financial asset by market cap, eclipsing famous names like Meta and Tesla.
The bull run appears to validate the crypto industry’s decision to pour more than $100 million into electoral politics as, alongside Trump, there are now poised to be over 280 pro-crypto candidates in the next Congress.
In one significant race, the crypto industry successfully helped defeat Ohio Senator Sherrod Brown, a high-profile…
