US election: Bitcoin hits $136,000. Why Trump is boosting crypto
By David Goldman, CNN
Bitcoin is up 80 percent this year.
Photo: Justin Tallis/AFP/Getty Images via CNN Newsource
Bitcoin on Monday hit a new record above US$80,000 (NZ$136,355). The world’s largest cryptocurrency surged in the run-up to last week’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 is up 80 percent this year, dwarfing the S&P 500’s still-electric 25.7 percent gain this year. After briefly touching the US$80,000 milestone, bitcoin was trading just below it overnight Monday.
The crypto industry believes Trump’s victory is a bullish sign for bitcoin and other digital currencies….
