Bitcoin boosted to a new all-time high today after exceeding $81,000, as speculators continued to place huge bets on Donald Trump’s election success last week.
In early-day trading today, Bitcoin reached a record $81,889 in value. Since November 6, when it first reached its prior record of $75,000, it has fluctuated between $75,000 and $81,000.
The flagship cryptocurrency was trading at about $80,933 at 11 AM today, up 2.25 percent.
Recently, there have been significant rises in cryptocurrencies. For the first time in over three months, Ethereum’s value surpassed $3,200 on Monday, rising to approximately $3,192. A cryptocurrency that was first introduced in 2013, Dogecoin, hit its climax in three years at the same time.
Bitcoin has increased by almost 80% in 2024, due to the recent Federal Reserve interest rate reduction and the strong demand for exchange-traded funds (ETFs) in the US. It has outperformed traditional assets like equities and gold thanks to this increase.
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