Trump returns to power, promises to ease cryptocurrency regulations
Ethereum and Solana also rise
Bitcoin surpassed $80,000 for the first time in history thanks to the effect of US President-elect Donald Trump.
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According to Coinbase on the 10th (local time), as of 8:25 a.m. Eastern time, Bitcoin is at the $79,775 level, up 4.48% from the previous trading day. At one point during the day, it rose 4.7% to the $80,092 level, exceeding $80,000 for the first time in history.
Bitcoin broke the $75,000 mark for the first time in history on the 6th, when President-elect Trump’s victory was confirmed, breaking the highest price in over 7 months. Afterwards, it again exceeded $80,000 in four days, setting a new record high.
Ethereum, another virtual currency, is rising 5.22% and Solana is rising 3.41%.
Cryptocurrencies, including Bitcoin, are representative assets of the ‘Trump trade’, in which money flows into investments expected to benefit from President-elect Trump’s victory. Previously, as a candidate, President-elect Trump announced a friendly virtual currency policy, such as dismissing Securities and Exchange Commission (SEC) Chairman Gary Gensler, who took a negative stance on virtual currency, and announcing that he would make the United States a virtual currency capital.
New York = Correspondent Haeyoung Kwon roguehy@asiae.co.kr
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Source: www.asiae.co.kr
