Financial news
Home
Knowledge Hub
Bitcoin hits record high above $81k as Trump rally persists
2024-11-11 10:25:39

Investing.com-- Bitcoin briefly hit a record high above key levels on Sunday evening, extending a stellar run of recent gains after Donald Trump was elected as the U.S. president, sparking hopes of friendlier crypto regulation.


Bitcoin rose nearly 6% to a record high of $81,373.5, before settling around $80,362.9 by 18:16 ET (23:15 GMT). 


The world’s largest cryptocurrency, along with broader crypto markets, have been on a tear since Trump’s election victory last week. The president-elect had vowed to make the U.S. the “crypto capital” of the world.


Bitcoin had surged some 10% over the past week, and was trading up 91% so far in 2024. 


World no.2 crypto Ether rose 1.8% to $3,190.0- a three-month high.