Close Menu

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    What's Hot

    Here’s what Cardi B said when asked why she keeps getting pregnant

    Inside the shocking role of freed 3rd accused

    Millions of Aussies in the firing line as severe storms bear down on Aussie state – as experts warn wild weather could last for HOURS

    Facebook X (Twitter) Instagram
    • Lifestyle
    • Africa News
    • International
    Facebook X (Twitter) Instagram YouTube WhatsApp
    PapaLincPapaLinc
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports
    Subscribe
    PapaLincPapaLinc
    You are at:Home»Politics»Bitcoin breaks $81,000 as Trump’s election turbocharges cryptocurrencies
    Politics

    Bitcoin breaks $81,000 as Trump’s election turbocharges cryptocurrencies

    Papa LincBy Papa LincNovember 11, 2024No Comments3 Mins Read0 Views
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    Bitcoin breaks ,000 as Trump’s election turbocharges cryptocurrencies
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email


    Bitcoin soared to a record high above $81,000 on Monday on expectations that cryptocurrencies will boom in a favourable regulatory environment following the election of Donald Trump as U.S. president and pro-crypto candidates to Congress.

    The world’s biggest and best-known cryptocurrency , has now more than doubled from the year’s low of $38,505 and was last at $81,572 having earlier touched a record high of $81,899.

    Trump embraced digital assets during his campaign, promising to make the United States the “crypto capital of the planet” and to accumulate a national stockpile of bitcoin.

    Other so-called ‘Trump trades’ – from U.S. stocks to shorting bonds have lost some steam since the election, but cryptocurrencies haven’t paused for breath.

    “Bitcoin’s Trump-pump is alive and well… with Republicans on the cusp of taking the house to confirm a red wave in Congress, it seems the crypto crowd are betting on digital-currency deregulation,” said Matt Simpson, senior market analyst at City Index, referring to Republican control of both houses.

    While Simpson warned Trump’s near-term priorities are likely to lie elsewhere, crypto investors see an end to stepped-up scrutiny under U.S. Securities and Exchange Commission Chair Gary Gensler whom Trump has said he will fire.

    Bitcoin 2024 conference is held in Nashville, TN

    Item 1 of 2 A sign is pictured as people attend a crypto conference, Bitcoin 2024 in Nashville, Tennessee, U.S. July 27, 2024. REUTERS/Kevin Wurm/File Photo

    [1/2]A sign is pictured as people attend a crypto conference, Bitcoin 2024 in Nashville, Tennessee, U.S. July 27, 2024. REUTERS/Kevin Wurm/File Photo Purchase Licensing Rights,

    The cryptocurrency industry spent more than $119 million backing pro-crypto congressional candidates and has, by and large, succeeded.

    In Ohio, one of the crypto industry’s biggest foes in Congress – Senate Banking Committee Chair Sherrod Brown was ousted, while pro-crypto candidates from both the Democratic and Republican parties won in Michigan, West Virgina, Indiana, Alabama and North Carolina.

    Trump also unveiled a new crypto business, World Liberty Financial in September, and although details about the business have been scarce, investors have taken his personal interest in the sector as a friendly signal.

    Billionaire Elon Musk, a major Trump ally, is also a proponent of cryptocurrencies.

    Eric Trump, one of the president-elect’s sons and executive vice president of his private conglomerate, The Trump Organization, is a keynote speaker at a bitcoin conference in Abu Dhabi next month, according to the event organisers.

    Gains in cryptocurrencies have been broad. Ether rose above $3,200 for the first time in over three months on Monday and was last fetching $3,192. Dogecoin , an alternative cryptocurrency that began as a satirical critique of the 2013 crypto frenzy, was at a three-year high.

    Source www.reuters.com



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleVideo of Thomas Partey ’embarrassing’ Moises Caicedo sparks heated debate among Arsenal and Chelsea fans
    Next Article Donald Trump Jr suggests his President-elect father will cut off aid to Ukraine with meme telling Zelensky ‘you’re 38 days from losing your allowance’
    Papa Linc

    Related Posts

    From Movement for Change to UP: Alan Kyerematen unveils United Party

    October 16, 2025

    Asiedu Nketiah defends NDC’s decision to hold former Government officials accountable

    October 16, 2025

    Dr. Bawumia urges NPP members to rally behind his flagbearership bid

    October 16, 2025
    Ads
    Top Posts

    Here’s why Ghana Airways collapsed in 2004

    November 5, 202450 Views

    A Plus questions the hypocrisy of NPP members who remained silent about corruption for 8 years, only to speak out after losing power.

    December 26, 202447 Views

    Urgent search continues for Paul Barning after he was attacked by shark during fishing competition

    February 23, 202540 Views

    Kenyan Senator breaks silence on her alleged intimate affairs, secret child with John Agyekum Kufuor

    December 21, 202436 Views
    Don't Miss
    Entertainment October 17, 2025

    Here’s what Cardi B said when asked why she keeps getting pregnant

    Cardi B is a popular American rapper Expectant mother Cardi B gave a no-holds-barred response…

    Inside the shocking role of freed 3rd accused

    Millions of Aussies in the firing line as severe storms bear down on Aussie state – as experts warn wild weather could last for HOURS

    Baba Yara Stadium will get CAF and FIFA clearance soon

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • WhatsApp

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    Ads
    About Us
    About Us

    Your authentic source for news and entertainment.
    We're accepting new partnerships right now.

    Email Us: info@papalinc.com
    For Ads on our website and social handles.
    Email Us: ads@papalinc.com
    Contact: +1-718-924-6727

    Facebook X (Twitter) Pinterest YouTube WhatsApp
    Our Picks

    Here’s what Cardi B said when asked why she keeps getting pregnant

    Inside the shocking role of freed 3rd accused

    Millions of Aussies in the firing line as severe storms bear down on Aussie state – as experts warn wild weather could last for HOURS

    Most Popular

    April 3, 2023 – Russia-Ukraine information

    October 17, 20240 Views

    Sonnie Badu reveals what GFA should do to make Black Stars win matches

    October 17, 20240 Views

    Stonebwoy Joins Nadia Buari’s New Movie “Perpetually In A Night time,” Marking His On-Display screen Debut

    October 17, 20240 Views
    © 2025 PapaLinc. Designed by LiveTechOn LLC.
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.