Bitcoin reached a record high of $81,000 on Wednesday as investors continued to bet on Donald Trump’s election victory.
Earlier today, Bitcoin hit $81,889 in trading. Before that, it set a new record of $75,000 on November 6, and since then, it has fluctuated between $75,000 and $81,000. As of 11 AM today, Bitcoin was up by 2.25%, trading at over $80,933.
Cryptocurrency values have surged significantly in recent years. Ethereum hit $3,192 on Monday, surpassing $3,200 for the first time in more than three months. Dogecoin, originally created as a joke in 2013, also reached its highest value in three years.
In 2024, Bitcoin has surged nearly 80%, driven by strong demand for exchange-traded funds (ETFs) in the US and recent interest rate cuts by the Federal Reserve. This growth has helped Bitcoin outperform traditional assets like stocks and gold.
