Bitcoin soars past US$81,000 for first time as crypto token becomes totem for new Trump era
SINGAPORE – Bitcoin rallied past US$81,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.
Trump was declared the winner in Arizona in recent polls, marking a clean sweep of the seven US battleground states. His decisive victory in the presidential election has prompted celebratory chest-thumping from the digital asset industry, which spent more than US$100 million (S$132.7 million) backing a range of crypto-friendly candidates.
The token climbed as much as 6.1 per cent on Nov 10, before extending the gain to an unprecedented US$81,497 early in Asia trading on Nov 11. Bullish sentiment lifted smaller coins too, including a surge…
