Many in the industry are now hopeful Trump will usher in a new crypto era, sweeping aside regulatory restrictions and giving bitcoin a role in the economy. Some are particularly hopeful for a bitcoin reserve. Dennis Porter, the CEO of the Satoshi Action ...

Bitcoin rallied past $80,000 for the first time on Sunday, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.

Donald Trump's return to the White House is seen as a positive development for crypto regulation and the potential development of a strategic bitcoin stockpile.

Bitcoin on Monday hit a new record above US$80,000 (NZ$136,355). The world's largest cryptocurrency surged in the run-up to last week's US presidential election, rose sharply immediately on election night after it became clear Donald Trump would win and has continued rising in the days since his victory.

Bitcoin surged to a record of more than $75,000, as cryptocurrency investors celebrated President-elect Donald J. Trump’s prospects after his decisive win on Wednesday.

Trump’s current stance on crypto is a major departure from his last term as president. In the summer of 2019, Trump criticized cryptocurrency on social media, claiming it could be used to facilitate illegal activities. And during his presidency, the Trump administration’s regulatory actions included the SEC’s controversial lawsuit against Ripple.

Bitcoin rallied past $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.

Donald Trump projected himself as a pro-cryptocurrency candidate and even pledged to make the US the “bitcoin and cryptocurrency capital of the world”.

The recent surge in Bitcoin, nearing an unprecedented $80,000, follows Donald Trump's victory in the US presidential election, sparking optimism across the cryptocurrency market. Known for his pro-digital asset stance,

Bitcoin reached a record high of nearly $80,000 following Donald Trump's election win, which is seen as a boost for digital assets.