{"id":1295,"date":"2024-11-11T19:13:10","date_gmt":"2024-11-11T19:13:10","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/unstoppable-bitcoin-btc-price-barrels-past-81000-for-new-ath-82k-now-within-reach\/"},"modified":"2024-11-11T19:13:10","modified_gmt":"2024-11-11T19:13:10","slug":"unstoppable-bitcoin-btc-price-barrels-past-81000-for-new-ath-82k-now-within-reach","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/unstoppable-bitcoin-btc-price-barrels-past-81000-for-new-ath-82k-now-within-reach\/","title":{"rendered":"Unstoppable Bitcoin: BTC Price Barrels Past $81,000 For New ATH \u2014 $82k Now Within Reach"},"content":{"rendered":"

Bitcoin is proving its mettle, and showing no signs of stopping. The crypto skyrocketed to a fresh record high<\/a> on Monday, as investors bet that Donald Trump\u2019s return to the Oval Office will be good for the crypto industry.<\/p>\n

The world’s largest and most recognized cryptocurrency has now more than doubled from the year’s low of $38,4000 and was last at $81,405<\/a> having earlier touched a record high of $81,890, data from Coingecko shows.<\/p>\n

A day after the elections, Bitcoin hit $75k, topping its previous high of $74,797 last March. Bitcoin\u2019s early November price surge isn\u2019t surprising, knowing how Bitcoin and crypto have become a hot election topic.<\/p>\n

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While Democrat Kamala Harris pitched her support for new technologies like AI, Trump was seen as more receptive and favorable to the Bitcoin and crypto community. Bitcoin\u2019s latest surge pushed the asset\u2019s market cap<\/a> to over $2.7 trillion, data from CoinMarketCap show.<\/p>\n

Bitcoin Inks Another ATH, Boosts The Crypto Landscape<\/h2>\n

Bitcoin\u2019s bullish price action started last November 5th, when Trump\u2019s numbers showed a convincing win. Earlier Wednesday, Bitcoin\u2019s price hit $75k and soon surged to new highs<\/a> until, Monday.<\/p>\n

Bitcoin\u2019s surge also benefited the rest of the crypto industry. For example, with Bitcoin’s price ascent, MicroStrategy\u2019s share price increased, which was confirmed with Coinbase Global. Traders\u2019 optimism is high; even the Dow Jones Industrial Average and the S&P 500 ended the week in black.<\/p>\n

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Trump’s Change In Bitcoin Policy<\/h2>\n

Interestingly, incoming President Trump wasn\u2019t initially keen on Bitcoin and cryptocurrencies. During his first presidency, Trump labeled these digital assets as scams. However, with his recent public appearances and pronouncements, Trump changed his tune and now shows massive support.<\/p>\n

In one of his campaign speeches, Trump promised to make the US the Bitcoin and crypto capital of the world. He also enjoys the support of many famous crypto personalities, including Elon Musk.<\/p>\n

Crypto Project<\/p>\n

Aside from his public statements supporting Bitcoin, Trump has also explored a crypto project. Last September, Trump and his sons and other entrepreneurs launched World Liberty Financial, a digital currency platform. However, technical difficulties and other issues marred the project’s launch.<\/p>\n

Although Bitcoin and cryptocurrencies are known for their volatility, Trump has led the adoption of digital assets in recent months. Before the elections, he used BTC for retail purchases, the first US president to do so, making it a historic transaction.<\/p>\n

Featured image from DALL-E, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is proving its mettle, and showing no signs of stopping. The crypto skyrocketed to a fresh record high on Monday, as investors bet that Donald Trump\u2019s return to the Oval Office will be good for the crypto industry. The world’s largest and most recognized cryptocurrency has now more than doubled from the year’s low…<\/p>\n","protected":false},"author":1,"featured_media":1296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119],"tags":[871,56,70,36,294],"class_list":["post-1295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-ath","tag-bitcoin","tag-btcusd","tag-crypto","tag-trump"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/1295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=1295"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/1295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/1296"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=1295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=1295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=1295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}