Bitcoin breaks new record and exceeds $80,000

The price of cryptocurrency reacted positively to the re-election of Republican Donald Trump to the White House, in the hope that the billionaire will take measures favorable to the interests of the sector.

Since the results of the American presidential election, the price of Bitcoin has soared in unison with the dollar. The first digital currency by capitalization exceeded $80,000 on Sunday, November 10, boosted by the prospect that Donald Trump would relax the regulations governing digital currencies, once back in the White House. After reaching the $75,000 mark on Thursday, beating its record from last March, Bitcoin soared to $80,116 around noon on Sunday, before falling slightly.

During his campaign, Donald Trump committed to making the United States “the world capital of Bitcoin and cryptocurrencies”. By posing as the champion of cryptocurrencies, the billionaire has taken 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.

Memecoins, highly volatile parody digital currencies, are also experiencing a boost, like Dogecoin, promoted by billionaire Elon Musk, a fervent supporter of Donald Trump.