Bitcoin exceeds $81,000 First Time in History amid Trumps Win

Bitcoin has increased by almost 80% in 2024
Ayesha Anwar
By Ayesha Anwar
3 Min Read
Bitcoin Crosses $81,000 For the First Time in History

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.

Share This Article
Leave a comment