Reported 14 days ago
Bitcoin surged past $81,000 following the election of Donald Trump as U.S. president, with expectations for a favorable regulatory climate for cryptocurrencies. The digital currency, which has more than doubled from its yearly low, is benefiting from Trump's pro-crypto stance and the success of pro-crypto candidates in Congress. Despite some cooling in other 'Trump trades,' the crypto market remains buoyed by hopes of deregulation and a shift away from strict oversight under the current SEC leadership.
Source: YAHOO