New record for bitcoin above $80,000

The price of bitcoin exceeded $80,000 on Sunday for the first time in its history, boosted by the prospect of regulatory relaxation favorable to digital currencies which could be put in place with the return of Donald Trump to the White House.

The leading digital currency by capitalization surpassed that threshold around 7 a.m. ET to reach a high of $80,116, before falling slightly again.

It reached the $75,000 mark on Thursday, surpassing its record from last March.

Bitcoin is quoted continuously, including on Sundays. Since the results of the American presidential election, its price has soared in unison with the dollar.

Donald Trump in fact committed during his electoral campaign to making the United States the world capital of bitcoin and cryptocurrencies.

By posing as the champion of cryptocurrencies, the ex-businessman took the opposite view of the Biden government, considered to be in favor of strict regulation of a controversial sector, which largely escapes the control of institutions.

There will be significant investments and the United States will have a strategic reserve of bitcoinsadvances with theAFP Charles Morris, analyst at ByteTree.

Countries skeptical of cryptocurrencies, such as the United Kingdom where ETF bitcoin-backed are still banned, will think again.

This opinion is shared by Stéphane Ifrah, analyst at Coinhouse, for whom the American election will help give new impetus to bitcoin.

Until then, bitcoin was in a congestion phase. It had accumulated upside potential which was released by the American votehe emphasizesAFP.

What’s next? Others, records, says Stéphane Ifrah, for whom the rise in prices will be confirmed in the days, even weeks, to come. The next level for me is $100,000he says.

This trend is not just about bitcoins. Memecoins, for example, highly volatile parodic digital currencies, are also experiencing a boost, like dogecoin promoted by billionaire Elon Musk, a fervent supporter of Donald Trump.

The chances of bitcoin and cryptocurrencies becoming a much larger asset class have increased significantlyassure Charles Morris.