Bitcoin price tops $80,000 for first time on hopes for Trump
Bitcoin soared to a new record high on Sunday, as traders bet that Donald Trump’s return to the White House will be good for the cryptocurrency.
The digital currency passed $80,000 for the first time in its history shortly after 12:00 pm (1200 GMT).
It has been rising since Republican candidate Trump won last Tuesday’s US presidential election over sentiment that he will ease regulations on digital currencies.
Bitcoin reached $75,000 on Wednesday, topping its previous all-time peak of $73,797.98 achieved in March.
Trump was seen as the pro-crypto candidate in his battle with the Democratic Party’s candidate Kamala Harris.
During his first presidency Trump referred to cryptocurrencies as a scam, but has since…
